A man named Ross Gerber is upset with Elon Musk, the boss of Tesla. He says that Elon is asking for more money from people who own a part of his company, even though he already has a lot of it. Ross also thinks that Elon should focus on making Tesla better instead of trying to get more control over it. Read from source...
1. The title of the article is misleading and sensationalist, implying that Elon Musk is blackmailing Tesla shareholders for his own benefit, rather than seeking to increase his stake in the company to have more control and influence over its direction and strategy. A more accurate and neutral title could be: "Ross Gerber Accuses Elon Musk of Seeking To Boost Stake To Strengthen Control Over Tesla".
2. The quote from Ross Gerber is taken out of context and used to support the narrative that Musk is blackmailing shareholders, when in fact he is simply stating his opinion on how much money he needs to build new products and features for them. It also ignores the fact that Musk sold $30 billion worth of stock to buy Twitter, not to fund Tesla's operations or R&D.
3. Gerber's claim that Musk does not control Tesla more than anybody controls any company is unfounded and based on his personal opinion, rather than objective evidence or data. He also fails to acknowledge the fact that Tesla has a board of directors, which is responsible for overseeing the company's management and ensuring its compliance with legal and regulatory requirements, as well as shareholder interests.
4. Gerber's suggestion that Musk should buy the stock like the rest of us is unreasonable and ignorant, given that he is already the CEO and largest individual shareholder of Tesla, with a 13% stake in the company. He also does not seem to understand the difference between buying shares on the open market and receiving shares as part of an equity compensation plan, such as stock options or restricted stock units.
5. Gerber's criticism of Musk's fiduciary duty is misguided and based on his own preferences and expectations, rather than what is best for Tesla and its shareholders. He also seems to have a narrow and short-term perspective on the company's mission and vision, which is to accelerate the world's transition to sustainable energy and transportation solutions, not just to turn it into an AI/robotics company.
6. Gerber's comments on the potential integration of Grok AI into Tesla vehicles are speculative and based on his lack of knowledge and understanding of the technology and its benefits for Tesla customers and investors. He also appears to be jealous and resentful of Musk's achievements and innovations, which have made him one of the richest and most influential people in the world.
7. Gerber's replacement of his Tesla Model Y with a Rivian R1S SUV is irrelevant and