The third largest investor in the company is calling for the resignation of the CEO.
"Tesla has no working CEO and Elon abandoned the company." It's time forTesla to have a full time CEO.
He said that Elon was the proud father of the child. An executioner like Tim Cook is required.
The third largest shareholder after Musk and Ellison wasLeo, who owned roughly $3.4 billion worth ofTesla shares.
Several other high-profile investors are accusing Musk of focusing too much of his time and effort on social media, not to mention causing serious damage to the company's brand by spreading rumors, and lashing out at them.
This year, Musk has sold a lot of his own stock to fund his acquisitions. He sold another $3.5 billion in shares of the company.
The finances of the EV maker have plummeted since the beginning of the year. Some of that can be attributed to a slowing global economy and persistent supply chain constraints, but Musk's actions have only made matters worse.
CNN and The New York Times were banned by Musk for allegedly giving away his real-time location, a baseless claim he has yet to back up.
The uproar left investors unimpressed.
Musk is not meeting the expectations of his long time investors, and the consequences are starting to be felt by the company.
It's not clear whether the billionaire will be able to turn things around to save the company.
The third largest shareholder in the company wants the CEO to be removed.
Musk Conducts Poll, Doesn't like Results, Conducts a New Poll, Still Doesn't Like Results.
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