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The Wall Street Journal reports that investors are angry at Musk because he failed to run the company during a crisis.
Gary Black is a hedge fund manager who owns $50 million worth ofTesla stock.
Since the beginning of the year, it has lost over half its value.
A disastrous acquisition that's been fraught with controversy from the start is still being invested by the billionaire CEO.
The investors say that it's damaging the reputation of the company. In the past week, Musk made transphobia jokes, lashed out at former company executives, and spread false information on the internet.
Musk is blamed by investors for abandoning his role at the company.
The market voted that the brand has been negatively impacted by the drama. "Where before EV buyers were proud to drive their cars to their friends or show off their cars in their driveway, now the social media controversy is hurting the brand."
Ross Gerber blamed Musk for working at another company and said thatTesla deserved a focused CEO.
It would be helpful to know what he is planning.
There has been a bad year for the company. Its worst year on record has seen shares plummet.
Over the weekend, Musk claimed that he continues to oversee both Musk's companies, but the teams there are so good that little is needed from him.
The sentiment more or less coincides with NASA head and former astronauts Bill Nelson sighing in relief this week after being reassured that Musk wasn't actually running the company.
As of late, it seems like Musk is doing more harm than good to his companies when it comes to his public image.
It's not clear whether he will be able to shake the shadow he's cast over his companies at this time. We'll be keeping a close eye on it.
The Wall Street Journal reported that investors voiced concern over Musk's focus on the social networking site.
The head of NASA is relieved to hear that Musk isn't really running the space company.
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