Major Tesla Investor Calls For Elon Musk To Resign As CEO

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Elon Musk has been a busy man lately, spending much of his time on the social media company he bought, which he uses to ban journalists who cover him negatively and reinstate his friends’ Twitter accounts after they threatened violence against the Jewish community or tried to stage a coup using their Twitter platforms. Now, a major investor into Musk’s company, Tesla, says it’s time for him to step down since he seems to have little interest in the company.

KoGuan Leo, an Indonesia investor who owns around $3.4 billion in Tesla stock, said that there is no longer a working CEO at Twitter and that a replacement is needed. Leo is the third largest investor in the company. Leo explained that the company is in need of a full-time CEO or manager who spends his days invested in the company instead of social media.

According to The Observer:

‘Leo proposed Tesla’s board of directors appoint a professional manager, someone similar to Apple CEO Tim Cook, as Musk’s replacement…Leo told Forbes in October 2021 he is “Elon’s fanboy.” Tesla stock was trading at its record high at the time. Since then, it has plunged more than 60 percent.’

Leo chairs SHI International Corp, a software company, which has made him the 398th most wealthy man in the world with a net worth of around $5.8 billion.

Twitter was filled with a mix of Musk supporters who love his backlash against critics, but many of the comments supported Leo’s tweet. Read some of their comments below:

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