A Longtime Tesla Bull Dumped His Stock, Predicting a Total Collapse

He sees the writing on the wall. Getting Out A wealth manager and longtime Tesla bull has lost confidence in multi-hyphenate billionaire Elon Musk — and now, he's forewarning of Tesla's downfall yet again. As Business Insider reports, based on financial disclosures, investor Ross Gerber of the Gerber-Kawasaki wealth management firm unloaded more than 26,000 of his company's Tesla shares in the first quarter of 2025, roughly ten percent of the firm's stake. One of the company's earliest investors, Gerber has had a very public change of heart as Musk's politics became more and more toxic to the company's brand. Earlier this year, Gerber predicted that Tesla stock was going to lose as much as 50 percent of its value — a figure that was right on the money in the wake of Musk's infamous Nazi salute at Donald Trump's inauguration. Though Tesla's stock value has since rebounded, the investor told BI that he doesn't see that rise lasting. "We certainly haven't changed our view where we ... Read full article.