Main Tesla investor desires Elon Musk out as CEO

Elon Musk appears to be shedding buddies.

…Or a minimum of the boldness of his buyers. 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.


Twitter suspends accounts of a number of tech journalists with out rationalization

Leo made his cash on software program and is the third-largest particular person Tesla shareholder. He known as 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 a substitute.

Ever since Musk took over as Twitter’s proprietor, Tesla’s financials have suffered. Tesla shares have dropped 55 % this 12 months, and Musk has bought $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 frequent line of pondering proper now.

In different phrases, what was (and arguably nonetheless is) the premier identify in electrical autos has acted as a funding mechanism for Musk to purchase an internet 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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