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Major Tesla investor wants Elon Musk out as CEO
Elon Musk seems to be losing friends.
...Or at least the confidence of his investors. On Wednesday, Indonesian billionaire KoGuan Leo took to Twitter on Wednesday to blast Musk’s current leadership of Tesla. From Leo’s perspective, it’s actually a lackof leadership, as Musk has “abandoned” Tesla in favor of other businesses, like Twitter.
SEE ALSO: Twitter suspends accounts of multiple tech journalists without explanationThis Tweet is currently unavailable. It might be loading or has been removed.
Leo made his money on software and is the third-largest individual Tesla shareholder. He called himselfa Musk "fanboy" as recently as late 2021, but those feelings seem to have subsided. In another tweet, Leo begged for Tesla to have a Tim Cook-esque "executioner" CEO instead.
This Tweet is currently unavailable. It might be loading or has been removed.
Ever since Musk took overas Twitter’s owner, Tesla’s financials have suffered. Tesla shares have dropped55 percent this year, and Musk has sold$22.9 billion worth of Tesla stock since he revealed his plans to buy Twitter in the spring. While he has not explicitly said all of those sales happened so he could finance the way-too-expensive Twitter deal, that’s the common line of thinking right now.
In other words, what used to be (and arguably still is) the premier name in electric vehicles has acted as a funding mechanism for Musk to buy a website and ban journalistswho report critically on him.
Related Stories
- Elon Musk's Twitter polls backfire spectacularly
- Elon Musk shuts down Twitter Spaces after being confronted by banned journalists in one
- Elon Musk is turning your Tesla into a Steam gaming rig
- Elon Musk gets drowned out by boos at Dave Chappelle's live show
- Twitter suspends account that tracks Elon Musk's private jet
But hey, maybe the Cybertruckwill eventually come out and save the day.
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