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At a critical juncture for electric vehicle manufacturer Tesla Inc. (TSLA), while it's trying to prove that it can maintain the production levels of its first mass market vehicle, its CEO and founder Elon Musk continues to break the bridges with public regulators, analysts, journalists, former employees and now a British diver involved in the recent rescue of a Thai football team. (See also: Tesla used Red Bull to achieve Model 3 goals: Bloomberg.]
Tesla plunged 3% Monday on news that Musk described the diver as "pedophile" and controversial Political contributions to Republican campaign groups Musk 's allegations concerning the diver have since been erased from his Twitter page (TWTR), which has 22 million subscribers. he plans to sue Musk.
Musk's tweets have shaken investors, dropping the stock by more than 16% since last month, at a time when investors are increasingly skeptical that the company's stock price has risen. business can continue to support its operations without increasing its liquidity.
Investors urge Musk to focus on its main tasks
"This thing is falling apart," said Gordon John its, managing director of Vertical Group, a New York-based investment research group, according to the Washington Post. "Last week you had a very big shareholder who said that he wanted him to focus on running and stopping tweets, and then, this weekend you're getting more tweets, what's his angle, what's he doing? … He's still promising all these things, and he's still missing out, and he's not up to the task. "[19659003] Jamie Anderson, a partner of Baillie Gifford, one of Tesla's three largest shareholders, told Bloomberg last week that Musk needs space to solve problems and focus on resolving issues. "Problems of execution" of the car manufacturer. "It would be good to focus solely on the ore task" of making cars, Anderson said.
Loup Ventures analyst, Gene Muster, a Tesla bull, said the comments had raised concerns about the CEO's "sustainability and" maturity, according to the Washington Post. "They have such a beautiful story to tell, and it gets lost in the noise."
In an interview last week, Musk told Bloomberg that he was trying to be nicer on Twitter, recognizing that it was not a non-retained -barred battleground where "if you attack me, so it's good for me to attack back." (See also: Tesla will make a profit by September: Gene Munster. )
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