Part 2/10:
Billionaire fund manager Russ Gerber recently highlighted that despite Elon Musk's claims of Tesla "executing better than ever," the company's market value has eroded by approximately $600 billion. Gerber criticized the Tesla board, calling the lack of significant action or response from them "holy unacceptable," implying a disconnect between leadership performance and shareholder confidence.
In response, Musk reiterated that Tesla remains highly effective operationally and pointed out that external macroeconomic factors—particularly the Federal Reserve's policies—are the primary drivers of stock fluctuations, not Tesla’s internal execution.