Keep pulling the thread on Ross Gerber.
Ross Gerber believes Tesla is "worthless" as a standalone company if it does not merge with SpaceX to acquire the IP for its core AI technologies.
Neil Minow of Value Edge Advisors claims that the SpaceX IPO structure has "obliterated" standard investor protections like proxy voting and the ability to sue.
According to Neil Minow, Elon Musk has structured SpaceX's governance so that he is effectively "CEO for life" and cannot be removed by the board of directors.
Ross Gerber believes a merger between Tesla and SpaceX is a "foregone conclusion."
Ross Gerber noted that SpaceX President Gwynne Shotwell responded to the idea of a merger with Tesla by saying it "makes sense."
Ross Gerber alleges that XAI was developed using engineers and chip technology from Tesla.
According to Ross Gerber, Tesla does not own the intellectual property for the core AI technology that powers its Full Self-Driving system and Optimus robot, as that IP resides within XAI.
According to SpaceX's S-1 filing, a $1 billion restricted Class B share award for Elon Musk is contingent upon establishing a permanent human colony on Mars with at least one million inhabitants.
Ross Gerber believes SpaceX has a strong, independent management team and would continue to operate successfully without Elon Musk.
Ross Gerber asserts that approximately 20% of Tesla's stock is owned by index funds that automatically approve management proposals, thereby weakening shareholder rights.
Ross Gerber blames index fund providers like Vanguard for poor shareholder rights at companies like Tesla, stating they are worse for shareholder rights than the companies themselves.
Ross Gerber claims to have made over 100 times his original investment in Tesla stock.