Why Tesla’s third-largest shareholder thinks Elon Musk should be replaced as CEO

Also read: The company will have a fleet of 100 Tesla Semis by 2023

Interestingly, Ke Guan was very optimistic about Musk. He was even called a fan of Tesla CEO at one point. However, it now appears that the CEO of Tesla has fallen out of favor, and Kaiguan directly requested that Tesla’s founder and CEO be removed and replaced. Koguan has tweeted that Elon has given up on Tesla and that it has no current CEO. “Tesla needs and should have a full-time CEO,” he further wrote.

This isn’t the first time the Tesla CEO has dumped a large stake in the automaker from his holdings. He has been doing just that for the past few months, drawing fire from Tesla investors. The massive sale of Tesla shares has made Elon Musk deeply unpopular with investors in the company, especially after the flamboyant industrialist took over Twitter. Tesla investors have often accused him of neglecting the automaker and focusing more on his newly acquired company.

Some have speculated that the Tesla CEO sold so much of the electric carmaker’s stock specifically to fund his Twitter acquisition, which he reportedly completed for $44 billion, despite his earlier discovery A number of fake bot accounts registered on the platform changed their minds. .

First published date: December 18, 2022 at 10:32 AM CST