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Tesla’s Third Largest Shareholder Calls for the Ouster of Elon Musk as CEO (observer.com)
25 points by tosh on Dec 18, 2022 | hide | past | favorite | 12 comments


Tesla is better off without Elon. TSLA is Elon.


TL;DR a dude who owns 0.6% of Tesla wants to replace its CEO.


By owning billions of dollars of Tesla, he probably deserves to be heard. And what he wants to say is simple and sensible: Elon is very distracted and Tesla deserves a full-time CEO.


I think the person owns about $250,000,000 worth, not billions, but a lot nonetheless.


The subtitle literally says "KoGuan Leo, who owns $3.4 billion worth of Tesla shares"


ahh...the 0.6% was a calculation just off


Oh. Maybe! I just took 0.6% of the market cap from my stock app. And maybe I missed a zero in the multiplication.


$3.4B according to the article


I somehow suspect Elon wants to jump the Tesla ship: he needs an excuse to sell all his shares before their value is eaten by competition.


Either that or Tesla has some skeletons in the closet that Musk knows about that haven't made it to the public yet. When the CEO of a company starts selling very large blocks of stock that is always a time to watch out and this whole Twitter saga started as just that, a pretext to sell a pile of Tesla stock.


That may be how he feels, but acting on that will require unwinding a complex set of margin loans with different terms.


I think this is a very likely scenario.




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