Investor Ross Gerber believes Elon Musk's feud with President Donald Trump could be detrimental to Tesla, calling it a 'nail in the coffin' moment for the company.
Gerber has already sold most of his personal stake in Tesla amid concerns over the company's challenges, including weak vehicle deliveries and a high valuation.
Elon Musk's renewed conflict with Trump over the GOP budget bill has caused Tesla shares to drop, adding to the existing pressures faced by the company.
Gerber predicts Tesla's stock could decline by as much as 50% if the market reevaluates the company, citing concerns about the business units, high valuation, and market sentiment.