Tesla CEO Elon Musk speaking at a rally of then Republican presidential candidate Donald Trump at Madison Square Garden (Angela Weiss/Getty Images)

Prominent Tesla investor wants Elon Musk to step down: “It’s time for somebody to run Tesla”

Wealth manager Ross Gerber says Musk has too many time commitments.

Rani Molla

3/19/25 8:46AM

“I think Tesla needs a new CEO,” wealth manager and Tesla investor Ross Gerber told Sky News, citing Elon Musk’s many other time commitments, including his “divisive” work with President Donald Trump in the Department of Government Efficiency.

“There’s no question he’s been committed to his job at the government. That’s where he’s been spending his time. He is not running Tesla... it’s time for somebody to run Tesla. The business has been neglected for too long. There’s too many important things Tesla is doing, so either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs or he should focus on the government and keep doing what he’s doing but find a suitable CEO of Tesla.”

Gerber is the latest in a long line of people sounding the alarm as the company struggles with sales and has erased its postelection stock price gains.

Last week, even longtime Tesla bull Dan Ives began changing his tune regarding how Musk spends his time.

“In a nutshell the word ‘balance’ has been missing with Elon Musk and his ability to run Tesla as CEO... while instead focusing all of his energy and time driving his DOGE initiative within the Trump Administration... There has been little to no sign of Musk at any Tesla factory or manufacturing facility the last two months and perception has become reality for Tesla shares.”

Of course, this has long been an issue, but one investors didn’t harp on as much when the company was doing well. Indeed, Tesla’s annual reports have long listed Musk’s numerous commitments as a risk factor for the company. The latest:

“We are highly dependent on the services of Elon Musk, Technoking of Tesla and our Chief Executive Officer. Although Mr. Musk spends significant time with Tesla and is highly active in our management, he does not devote his full time and attention to Tesla. For example: Mr. Musk also currently holds management positions at Space Exploration Technologies Corp., X Corp., X.AI Corp., Neuralink Corp. and The Boring Company, and is involved in other ventures and with the Department of Government Efficiency.”

That doesn’t even mention his other extracurriculars like:

Building multiple company towns.
Pretending to be top gamer in “Diablo IV,” something gamers say would’ve required him to play “all day, every day.”
Tweeting nonstop since he acquired Twitter, now X, in 2022.
Fathering at least 12 children and urging others to “have many more children.”

But as Tesla continues to struggle and account for less of Musk’s net worth, criticisms from investors and analysts will only get louder.

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Prediction markets have, predictably, been given a boost by the summer of sports

Major platforms like Kalshi and Polymarket have seen huge upticks in users of late, thanks in no small part to what’s felt like a recent sporting smorgasbord, with major competitions across hockey, basketball, and soccer soaking up fans’ time (and spending, clearly) at the outset of summer.

While gaming industry groups may not like it, there’s been a huge change in the methods people are using to put money on the big games, with everyone from fortunate NYC bar owners, to a far less fortunate Spanish supporter, turning to prediction markets to try and turn their sports know-how into cold, hard cash.

According to a new report from Adam Blacker for apptopia, that shift might have been even more seismic than imagined in the wake of the NBA and NHL finals and around the 2026 World Cup kicking off.

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Anthropic pulls Fable and Mythos access worldwide after Trump administration bars their use by foreign nationals

Only days after releasing two versions of its next-gen AI model, Anthropic has disabled them for users worldwide.

Anthropic says it received a Friday night order from the Trump administration to suspend access to the models for any foreign national (anywhere in the world) — a group that included some Anthropic employees. In response, the company turned off access to everyone.

Last week, the company released to the public its much-anticipated Claude Fable 5 model (and its restricted version Claude Mythos 5, which is still being tested with trusted partners). Anthropic said in a blog post announcing the action that officials cited national security concerns with the new models, while offering few specific details.

The post said that the government gave the company “verbal evidence of a potential narrow, non-universal jailbreak” of the public Fable 5 model. A jailbreak is a means by which users can evade restrictions built into the code to unlock prohibited functionality. Anthropic downplayed the significance of the attack, and said other major models, such as OpenAI’s GPT-5.5, could also be affected by the technique described.

Fears of these first Mythos-class models being misused are running high, after Anthropic warned the cybersecurity world in May that the advanced cyber capabilities of Mythos have rapidly discovered thousands of vulnerabilities in ubiquitous software, leading to the decision to restrict the full version of the model to a close group of trusted partners for testing.

This morning, Axios reported that Anthropic technical staff have flown to Washington to meet with White House officials to resolve the issue.

The Wall Street Journal is reporting that the Trump administration’s decision to take action against Anthropic was prompted by discussions that Amazon CEO Andy Jassy had with officials, including Treasury Secretary Scott Bessent. According to the report, Amazon researchers said they had been able to evade some of Fable 5’s security restrictions using specific prompts. Amazon is a major investor in Anthropic.

Anthropic is currently suing the US government to fight the Pentagon’s blacklisting of the company on national security grounds.

Statement on the US government directive to suspend access to Fable 5 and Mythos 5