Ross Gerber has skin in the game for Tesla: His clients had, at one point, he said, invested a combined $100 million in the company.
Ross Gerber is well-known in certain circles as a long-time Tesla Inc. investor, thanks to being a bullish voice on Twitter about the electric-vehicle company.
Gerber has launched a campaign to be added to Tesla’s board via the new Securities and Exchange Commission policies for universal proxy cards. Gerber has skin in the game for Tesla: His clients had, at one point he said, invested a combined $100 million in the company, and he said his fund — which managed $1.7 billion in assets as of March 31 last year, according to the firm’s website — was down 40%.
Gerber said that sharp downturn gave short sellers more fodder, but argues that there are still huge opportunities for upside. Gerber said he is currently working on the universal proxy card filing, and the notification to the company. Under the SEC’s new rules, that went into effect for annual meetings that took place after August 31, 2022, the shareholders presenting their own candidates need to “solicit holders of a minimum of 67 percent of the voting power of shares entitled to vote in the election.
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