Elon Musk appears to be shedding mates.
…Or no less than the arrogance of his traders. On Wednesday, Indonesian billionaire KoGuan Leo took to Twitter on Wednesday to blast Musk’s present management of Tesla. From Leo’s perspective, it’s really a lack of management, as Musk has “deserted” Tesla in favor of different companies, like Twitter.
Leo made his cash on software program and is the third-largest particular person Tesla shareholder. He called himself a Musk “fanboy” as not too long ago as late 2021, however these emotions appear to have subsided. In one other tweet, Leo begged for Tesla to have a Tim Prepare dinner-esque “executioner” CEO as an alternative.
Ever since Musk took over as Twitter’s proprietor, Tesla’s financials have suffered. Tesla shares have dropped 55 p.c this yr, and Musk has sold $22.9 billion price of Tesla inventory since he revealed his plans to purchase Twitter within the spring. Whereas he has not explicitly stated all of these gross sales occurred so he might finance the way-too-expensive Twitter deal, that’s the widespread line of pondering proper now.
In different phrases, what was once (and arguably nonetheless is) the premier title in electrical autos has acted as a funding mechanism for Musk to purchase a web site and ban journalists who report critically on him.
However hey, perhaps the Cybertruck will ultimately come out and save the day.
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