Sold the old investor in “TeslaTrevor Goodwin, $30,000 worth of stock Electric car Tired of his behavior Elon Musk on me “Chirping“.
Goodwin, 46, began investing in Tesla about five years ago, and he and his wife own company cars. After talking to his friends about the cars, he sold most of his shares, keeping only $500 worth of them. He said he was no longer willing to deal with the billionaire CEO’s behavior.
“It’s like he dumped us for his new mission,” said the Kansas City, Missouri, economist. “I was totally against him when he announced he was buying Twitter because doing so distracts from Tesla and everything he’s trying to achieve.”
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Musk recently completed a $44 billion takeover of Twitter, following a turbulent year filled with lawsuits, government battles, and problems with fake accounts. The CEO sold at least $36 billion of his Tesla stock to fund the takeover, and broader concerns about how he divides his time among his many companies also weighed on the automaker’s shares, which fell about 50 percent. % this year. Meanwhile, Musk’s net worth has declined by more than $90 billion.
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Since the takeover, Musk has fired most of Twitter’s employees, allowed banned accounts to be reinstated, and clashed with advertisers, including Twitter.CamelHe spends most of his time on Twitter, defending his view on free speech and asking his followers to vote for the Republican Party.
All this chaos worries investors in the company through which Musk made his fortune, and they ask: what happens to Tesla with its CEO who seems so distracted?
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