--- title: "A Longtime Tesla Bull Dumped His Stock, Predicting a Total Collapse" description: "A wealth manager who used to count himself as one of Elon Musk's biggest fans has entirely lost confidence in Tesla." date: "2025-05-19" modified: "2025-05-19" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/longtime-tesla-investor-dumps-stock" categories: - "Advanced Transport" - "Tesla" tags: - "elon musk" - "Stocks" - "tesla" - "the digest" --- # A Longtime Tesla Bull Dumped His Stock, Predicting a Total Collapse ![A wealth manager who used to count himself as one of Elon Musk's biggest fans has entirely lost confidence in Tesla.]() *\Image: Jim Watson / AFP via Getty / Futurism\* ## 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 would start \[buying Tesla stock\] again," Gerber said. ## Full Self-Delusion The investor suggested that unless Tesla can massively turn things around with the slated June launch of its Robotaxi service in Austin — which [seems quite unlikely]() given that its [misleadingly-named]() "Full Self-Driving" feature "doesn't work," per Gerber — there's not a lot of hope for the company moving forward. "This could be an extremely difficult time for them," he told *BI*, "if they don't pull off or at least convince people that they have a real robotaxi business on the way." Unless [Musk resigns]() (or is removed) as CEO and is replaced with someone who can "sell cars," Gerber predicts that Tesla's future will remain murky. "I think the next six months will really be make or break for them," he said, "and we'll see how they do." **More on Tesla:** [*As Sales Continue to Plummet, Tesla Is Considering a Massive Payday for Elon Musk*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()