Tesla: since the takeover of Twitter, concern is growing among investors

Is there a pilot on the plane ? Since the takeover of Twitter in October, Elon Musk appears dispersed in the eyes of Tesla shareholders, who suggest a certain nervousness. SpaceX, Tesla, Hyperloop, OpenAI, Neuralink, The Boring Company, Twitter… The multi-faceted CEO has been collecting companies for several years.

Wave of criticism, drop in action

A situation that is beginning to seriously annoy some shareholders of the electric car manufacturer. “There is no Tesla CEO today“, even tweeted Monday, December 12 Gary Black, managing partner of the Future Fund LLC, a fund holding more than 50 million dollars of Tesla shares. A sensational declaration which comes after the vertiginous fall in the price of 17% in one month. “The market voted today […] the Tesla brand has been negatively impacted by the Twitter drama. Where before EV shoppers were proud to drive their Teslas in front of their friends or show off their Teslas in their driveways, Twitter controversy is now hurting brand value“, he explained.

A scathing message punctuated by a more positive note: “We don’t believe the Tesla branding has been tampered with. But improved communication […] is clearly necessary.“

As our colleagues from the wall street journal, Gary Black is not the only one to publicly deplore the abandonment of the company by Musk in recent weeks. Ross Gerber, a longtime adorer of the brand, publicly addressed Tesla’s board of directors on Twitter. “Who is running Tesla on a day-to-day basis during this critical time for the company?“, he questioned before criticizing in half a word the management of the company.There’s nothing wrong with Tesla. Aside from the CEO who works at another company, Tesla certainly deserves a focused CEO. It would be useful to know what Elon’s plans are“, he tweeted.

NASA is also wondering

Publicly questioned by many shareholders of the company in recent weeks, Elon Musk was reassuring about the direction taken by his company. “Tesla will be great in the long run, but doesn’t control macro currents. I will make sure that Tesla shareholders benefit from Twitter in the long term.”he expressed himself on Twitter without giving further explanation.

For its part, NASA was worried about whether the recent takeover of the social network would not have an impact on the management of SpaceX, in charge of part of the space transport of the American administration. Asked about it at a press conference, Bill Nelson, administrator of the federal agency, confirmed that Gwynne Shotwell, president of SpaceX, had “assured“than Musk’s takeover of Twitter”wouldn’t be a distraction.“

During a hearing in a US court last month, Elon Musk assured that his role at Twitter was only a temporary passing fancy. “I expect to reduce my time working at Twitter and find someone else to run Twitter over time“, he had declared.