Elon Musk seems to be losing friends, or at least the trust of his investors.
According to Indonesian billionaire KoGuan Leo, Musk has left Tesla for the bluebird and there is a significant lack of leadership.
Leo, who makes most of his income from software and is Tesla’s third-largest shareholder, dubbed himself a Musk ‘fanboy’ in late 2021. However, from his posts on his Twitter account, it seems that his feelings for Musk have changed considerably.
Elon abandoned Tesla and Tesla has no working CEO
Tesla needs and deserves to have working full time CEO
What Tesla BOD should do, do nothing? Elon will find his own successor under BOD independent supervision https://t.co/AJSvij9ncP
— KoGuan Leo (@KoguanLeo) December 14, 2022
In another post, he emphasized that Tesla should have a CEO similar to Tim Cook.
Why tell me why?
Tesla matters. Elon is a mere hired hands. He is our employee
Tesla is 19 year old, ranked 4th with 2.4% allocation in S&P, not a baby and soon be the biggest
Elon was the proud father, Tesla has grown up
An executioner, Tim Cook-like is needed, not Elon https://t.co/2qPQz8cAWZ
— KoGuan Leo (@KoguanLeo) December 14, 2022
Tesla’s finances have suffered significantly since Musk bought Twitter. Tesla shares are down 55% this year. Musk has sold $22.9 billion worth of Tesla stock since he announced his plans to buy Twitter in the spring.
While he has not explicitly stated that all these sales were made to finance the very expensive Twitter deal, this is now the consensus.
In other words, Twitter served as a financing mechanism for Musk, the electric vehicle pioneer, to block journalists who were critical of him.
Who knows? Maybe Cybertruck will finally show up and save the day.
