3rd Largest Tesla Shareholder Suggests Elon Musk Should Step Aside As CEO

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3rd Largest Tesla Shareholder Suggests Elon Musk Should Step Aside As CEO
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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.

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