Billionaire Tesla Shareholder: Elon Must Leave

Elon Musk

( – BREAKING NOW: The third-largest shareholder of Tesla stock is calling for Elon Musk to step down as CEO because he believes Musk has abandoned Tesla while he spends most of his time working at Twitter and sending out tweets that are driving away advertisers. is reporting in “Tesla’s Third Largest Shareholder Calls For the Ouster of Elon Musk as CEO”:

“KoGuan Leo, an Indonesian billionaire and the third-largest individual shareholder of Tesla, is calling for the electric carmaker’s CEO, Elon Musk, to step down as much of his attention is focused on Twitter lately.

“‘Elon abandoned Tesla and Tesla has no working CEO,’ Leo tweeted on Dec. 14. ‘Tesla needs and deserves to have working full-time CEO.’

“Leo proposed Tesla’s board of directors appoint a professional manager, someone similar to Apple CEO Tim Cook, as Musk’s replacement.” [emphasis added]

Leo, the chairman and co-founder of SHI International Corp., has a net worth of $5.8 billion and once described himself as a Musk “fanboy.”

However, that was before Tesla’s stock plunged 60% from its high.


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