Sold the old investor in “TeslaTrevor Goodwin, $30,000 worth of stock Electric cars Tired of his behaviour Elon Musk on me “Twitter“.
Goodwin, 46, started investing in Tesla about five years ago, and he and his wife own cars from the company. After talking to his friends about cars, he has now sold most of his stock, keeping only $500 worth of it. He said he was no longer willing to deal with the behavior of the billionaire CEO.
“It’s as if he’s dumped us for his new mission,” said the Kansas City, Missouri economist. “I was totally against him when he announced he was going to buy Twitter, because by doing so he distracts from Tesla and everything he’s trying to achieve.”
Musk’s bankers are considering loans secured by “Tesla” to reduce the debt of “Twitter”
Musk recently completed his $44 billion acquisition of Twitter, after a turbulent year filled with lawsuits, government battles and problems with fake accounts. The CEO sold at least $36 billion worth of his Tesla stock to fund the acquisition, and broader concerns about how he divides his time among his many companies have also weighed on the car company’s shares, which are down about 50% this year. Meanwhile, Musk’s net worth has fallen 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 vision of freedom of 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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