Tesla investors have a problem with Twitter
Elon Musk has put his all energy to Twitter which created some problems for Tesla investors. Here all the details.
Tesla investors criticized Elon Musk for focusing all his energy on Twitter and not paying enough attention to the electric vehicle giant. "Tesla no longer has a CEO," said Gary Black, who runs investment consulting firm Future Funds and owns $50 million in Tesla shares, on Twitter on Monday.
Tesla investors complain that Musk is on focusing on Twitter
After long debates and problems Elon Musk finally bought Twitter but this did not stop problems. Firstly huge layoffs occured resulting in some advertiters to stop working with Twitter and gathered sivil right defenders attention. As a result Elon Musk has put his full focus on Twitter instead of Tesla. In his post after Tesla's shares lost more than 6 percent at the beginning of the week, Black used the following statements, arguing that Musk's Twitter adventure harmed the company: In the past, electric vehicle users were proud to drive their Tesla on the way to friends or show off their Tesla in front of their house. Now, the Twitter controversy is hurting Tesla's brand value.
Ross Gerber, one of Tesla's major investors, also directly targeted the Tesla board of directors in his share, "Who is managing Tesla every day while the company is going through such a critical period?" she asked. While Gerber said that Tesla deserves a CEO who focuses only on this company, Leo KoGuan, one of the company's important investors, said, "Tesla's board of directors is missing."
