: Tesla investor Gerber ends bid for EV maker’s board


Tesla Inc. TSLA, -2.57% investor Ross Gerber has dropped his bid for a seat at the electric-vehicle maker’s board, saying in a tweet late Friday that he felt “shareholders have been heard.” Gerber, co-founder and chief executive of Gerber Kawasaki Wealth and Investment Management, launched his bid in January amid steep losses for the stock and worries that Tesla Chief Executive Elon Musk was too preoccupied with leading Twitter Inc., which he bought in October. “Looking forward to what Tesla has to show us next week!” Gerber tweeted, referring to Tesla’s investor day on Wednesday. Tesla stock edged lower in after hours after ending the regular trading day down 2.6%.

This article was originally published by Marketwatch.com. Read the original article here.

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