Tesla to hold annual shareholder meeting
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Tesla CEO Elon Musk lashed out at Wedbush's Dan Ives after the analyst posted three board recommendations for the company on X, according to CNBC. Ives called for a new pay package giving Musk 25% voting control,
But Tesla's troubles, though levered to Musk, may be deeper than Musk's distractions, such as politics, gaming, and colonizing Mars. A record fourth quarter delivery report in January seemed to indicate all was well with Tesla, but it doesn't tell the full story.
Major investors urge Tesla to hold shareholder meeting as tensions rise between Elon Musk and President Trump amid declining sales.
With shares down 21% year to date, Tesla ( TSLA 0.04%) is reeling from a combination of weakening electric vehicle (EV) demand, political uncertainty, and a CEO who seems to have misplaced priorities.
July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.
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The second Trump presidency hasn’t been the boon for former “first buddy” Elon Musk’s Tesla stock investors had hoped, as shares are down more than 30% since Inauguration Day.
Ross Gerber, a longtime Tesla investor and vocal Musk critic, didn’t hold back online, writing in his own post that, “no one wants the Elon first party,” accusing the company’s board of being “Elon vampires sucking the blood of Tesla equity.”
Ross Gerber, a major Tesla investor, issued a stunning ultimatum to CEO Elon Musk on Tuesday as the company's stock prices plunge amid a nationwide boycott.