Elon Musk's Trump Alliance Rattles Investors: Tesla Stake Cut as Twitter Turmoil Grows
Elon Musk’s Trump Alignment Sparks Investor Disillusionment
Elon Musk’s recent public alignment with former President Donald Trump has caused a stir among his long-time supporters, particularly in the investment community. Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management and a prominent Tesla investor, has expressed regret over his decade-long support for the tech mogul.
Gerber, who still maintains a significant stake in Tesla, has begun reducing his investment in the company. This move comes as he criticizes Musk for what he perceives as a lack of focus on Tesla’s development, particularly citing issues with the company’s Full Self-Driving feature.
“Musk’s attention seems to be increasingly diverted towards political affiliations rather than business priorities,” Gerber stated in a recent interview. This shift in focus has led to a slow realization among some investors that Musk’s priorities may have changed.
The tech entrepreneur’s recent behavior has not only affected his professional relationships but personal ones as well. Claire “Grimes” Boucher, the mother of three of Musk’s children, has described him as “unrecognizable” and has distanced herself due to personal and legal challenges.
Musk’s acquisition of Twitter has also come under scrutiny. Since taking over the platform, there has been a noticeable shift towards extremist content, impacting the user base. This change has led to a decline in user engagement and a drop in App Store rankings. Competitors like Bluesky have reportedly gained users as people leave Twitter.
“Twitter’s influence has diminished under Musk’s leadership,” Gerber noted, highlighting the broader implications of Musk’s recent decisions.
Concerns have also been raised about Musk’s potential impact on organizations like NASA, with which he has significant contracts through SpaceX. The investor’s realization of being an “enabler” reflects broader concerns about Musk’s current focus and direction.
As this situation continues to unfold, it remains to be seen how Musk’s recent actions and affiliations will affect his various business ventures and long-standing relationships in the tech and investment communities.
