By Ross Kerber

BOSTON (Reuters) – Tesla (NASDAQ:) Inc investor Ross Gerber mentioned on Friday he’ll finish his run for the electrical carmaker’s board of administrators, citing adjustments traders can anticipate to see subsequent week.

Gerber mentioned in a phone interview that he determined to withdraw after Martin Viecha, Tesla’s investor relations chief, instructed him the corporate has taken steps alongside the strains Gerber sought when he introduced his board run Feb. 10.

Amongst different issues Tesla will introduce extra executives than typical at a March 1 investor day at its Austin, Texas headquarters, to point out its managerial expertise runs past CEO Elon Musk, Gerber mentioned.

Tesla additionally will create extra Twitter and promotional content material, which might transfer the model away from its shut identification with Musk. “That is what I am speaking about, them having their very own voice separate from Elon,” Gerber mentioned.

Gerber, a Los Angeles funding supervisor, is a longtime Tesla bull who initially solid his run as that of a “pleasant activist.” Whereas his wealth-management agency had solely about 440,000 shares of Tesla he has obtained backing from bigger shareholders on-line.

Tesla shares closed on Friday at lower than half their peak value in 2021 as rivals have gained floor whereas Musk pursued his buy of the Twitter social media platform. Tesla has promised traders a take a look at “our most superior manufacturing line” on March 1.

Gerber mentioned Telsa didn’t ask him to withdraw. “They don’t wish to struggle with me and I don’t wish to struggle them,” Gerber mentioned. “It simply is smart to do that and never have an adversarial state of affairs,” he mentioned.

Tesla representatives didn’t instantly reply to questions.

Gerber’s determination was first reported by Bloomberg Information, citing an individual conversant in the matter.