BlocksInform
Edward Ludlow
Ross Gerber, a vocal Tesla Inc. Has informed the electric vehicle manufacturer that it intends to continue a seat on the board of directors, formalizing an effort to contain in elon musk general manager.
Gerber revealed his intentions in a letter seen by Bloomberg which was sent on Tuesday to Brandon ehrhart, Tesla's Advocate General and Secretary General. The investor, who runs wealth management firm Gerber Kawasaki, previously revealed the plan during an online discussion hosted by Bloomberg on Feb. 10.
Read More: Tesla Shareholder Gerber Pursues Board Seat to Rein In Musk
Neither Musk nor representatives of Tesla immediately responded to requests for comment.
The Wealth Management Company held approximately 440,000 Tesla shares, or 0.01% of the Company, as of December 31, based on data collected by bloomberg. Gerber also holds a few of his own shares in private and told Bloomberg that he had a promise from Leo Koguan, who is one of the retail investors in tesla.
Gerber said he intends to be a "friendly activist" and has a number of objectives if he manages to join the council. Those include succession planning, examining compensation agreements and addressing what he perceives as a conflict of interest in Musk running both Tesla and Twitter Inc.
