The third largest individual Tesla shareholders wants Elon Musk to step aside as CEO and be replaced by a professional leader.
. That has KoGuan Leo disgusted with Elon Musk. Last week he tweeted, “Elon abandoned Tesla and Tesla has no working CEO. Tesla needs and deserves to have working full time CEO.” He is calling for a new CEO to take over the EV maker, which would allow Musk to focus on all his other ventures — Twitter, SpaceX, The Boring Company, Neuralink, and perhaps others we are forgetting at the moment.
“Frankly my dear, I don’t give a damn if Elon stays or leaves Tesla. Tesla is a great company and $160/shr is cheap,” Leo said, adding that he’d like to see an operational executive similar to Tim Cook take over the company. “Elon is a mere hired hands. He is our employee… Elon was the proud father, Tesla has grown up… An executioner, Tim Cook-like is needed, not Elon,” Leo tweeted. “I plan to invest more $billion bc Tesla will be the biggest company with or without Elon.
A few hours after this tweet, it was revealed that Musk sold an additional 22 million shares for $3.6 billion earlier this week. Musk’s sales in one week are roughly equal to the amount of Tesla stock that Leo owns.. Elon has his foibles, but it has to be said the Tesla board of directors is composed of weak-kneed sycophants who refuse to do their jobs.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Third-largest Tesla stock owner says Elon Musk should step down as CEOElectric car manufacturer Tesla's third-largest individual shareholder KoGuan Leo is demanding that CEO Elon Musk be replaced by the board of directors.
Read more »
Major Tesla Shareholder Thinks Elon Musk Should Be Replaced As CEOLeo Koguan is Tesla’s third largest shareholder and he believes Elon Musk has “abandoned” Tesla after he bought Twitter earlier this year.
Read more »
Twitter chaos too much? There are plenty of other optionsTwitter has been engulfed in chaos since billionaire Tesla CEO Elon Musk took the helm.
Read more »
Tesla's Third Largest Investor and Elon 'Fanboy' Calls for Musk to Step Down as CEOKoGuan Leo, Tesla’s third-largest shareholder and self-professed Elon Musk fanboy is calling for Musk to step down as CEO, stating that he has “abandoned Tesla” and the company has “no working CEO.”
Read more »
AOC, Elon Musk spar after Twitter CEO suspends CNN, NYT, WaPo journos for posting 'assassination coordinates'Twitter CEO Elon Musk feuded with Democratic Rep. Alexandria Ocasio-Cortez among others Thursday night, hours after suspending several liberal journalists.
Read more »
Elon Musk has sold nearly $40 billion of Tesla stock in 14 monthsElon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker's profits and rivals its underlying value.
Read more »