Tesla investors have taken to Twitter to express their frustration with CEO Elon Musk and his use of the social media platform.
One investor tweeted, “I invested in Tesla because I believed in the company’s mission and vision, not to watch Elon Musk tweet nonsense and potentially harm the company’s reputation.” This sentiment was echoed by others, who pointed out that Musk’s tweets have caused stock prices to fluctuate and have even resulted in legal action being taken against the company.
Another investor tweeted, “I understand that Elon Musk is a creative and innovative thinker, but his impulsiveness on Twitter is becoming a problem. It’s time for him to focus on running the company instead of causing distractions with his tweets.”
The concerns of these investors are not unfounded. Musk’s tweets have caused controversy in the past, such as when he falsely claimed that he had secured funding to take Tesla private. This resulted in the Securities and Exchange Commission (SEC) suing the company for fraud.
Furthermore, Musk’s use of Twitter to make statements about Tesla’s financial performance and future plans has raised questions about whether he is using the platform to manipulate the stock market. This is a serious concern, as it could lead to investors making decisions based on incomplete or inaccurate information.
In conclusion, while it is important for CEOs to be transparent and communicate with their investors, there is a fine line between using social media as a tool for transparency and using it irresponsibly. It is clear that many Tesla investors feel that Elon Musk has crossed that line and that it is time for him to be more mindful of the impact of his tweets on the company and its shareholders.