
Ross Gerber Takes Aim At Elon Musk, Urges Tesla CEO To Buy 12% More Equity 'Instead Of Taking It From Shareholders'

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Ross Gerber, co-founder of Gerber Kawasaki, urges Tesla CEO Elon Musk to buy an additional 12% equity in Tesla instead of relying on shareholders. Following Musk's recent $1 billion stock purchase, which briefly pushed Tesla's stock above $420, Gerber questions why Musk, who currently holds a 12.8% stake, doesn't increase his ownership to 25%. Despite a surge in Tesla's stock due to positive delivery estimates for Q3, concerns remain about future sales and market share, particularly as Tesla's U.S. EV market share has dipped below 40%.
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