The third largest Tesla stock owner says Elon Musk should step down as CEO
Indonesian billionaire KoGuan Leo, the third-largest individual shareholder of electric vehicle maker Tesla, is demanding CEO Elon Musk step down.
Leo accuses the eccentric billionaire of focusing too much on Twitter, social media site was recently purchased by Musk for more than $44 billion.
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Leo wrote on Twitter on Wednesday: “Elon has given up on Tesla and Tesla has no working CEO. “Tesla needs and deserves a full-time CEO.”
Leo went on to suggest that Tesla The Board of Directors was forced to find a replacement. The billionaire offered to give Musk the opportunity to find and name his own successor with independent oversight by the board.
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He added: “Elon is a proud father, Tesla has grown up. Need an executioner, like Tim Cook, not Elon.”
Leo owns about 22 million shares of Tesla, totaling about $3.4 billion.
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A European Commission official reacted early Friday to Twitter recently suspend some journalistsseems to suggest that either Musk or the company could face sanctions.
Suspended accounts include CNN reporter Donie O’Sullivan, New York Times technology reporter Ryan Mac, Washington Post reporter Drew Harwell, The Intercept reporter Micah Lee and others, Fox News reported.