Musk’s berths on Twitter triggered reaction from shareholders and Silicon Valley specialists, who called his demeanor immature and an impediment to the car company’s success.
The embattled CEO came under flaming over the weekend after he baselessly called the diver, Vernon Unsworth, a “pedo” on Twitter and doubled down on the offend before eventually deleting the posts. Musk had flown to Thailand and offered to assist in the salvage assignment of 12 boys and their coach from a inundated cave by providing a submarine, but leaders of the operation diminished his help .
Unsworth, who was instrumental in the successful recovery, afterwards said Musk’s attempt was a” PR stunt”, inducing the Silicon Valley billionaire to say he would make a video substantiating his “mini-sub” would have worked, contributing:” Sorry pedo guy, you really did ask for it .” The diver, who was still at the cave website assisting with clean-up, told the Guardian he was ” astonished and very angry” and considering legal action.
Musk and Tesla have gone silent since he deleted the tweets, neglecting echoed requests for mention since Sunday. Some stockholders, however, are speaking up.
James Anderson, business partners at Baillie Gifford, Tesla’s fourth-largest stockholder, told the Guardian in an email on Tuesday that the company read” the end of carbon as essential” but, was ” forestalled that the real steps towards this are being overshadowed and endangered by this saga “.
Anderson said he agreed with some of Musk’s past statements calling out critical specialists,” but this is different. We are in contact with the company and we are hopeful that it is being taken with due seriousness .” He said he would like to see” peace, quiet and hanging” at the electric car company.
If Musk’s behavior did not change,” it could have a stunning negative impact on the company”, said Gene Munster, head of research at Loup Ventures, a risk capital house.” It has to start with an justification .”
In addition to losing the trust of investors, Munster said,” the absurdity here is that their brand is word of mouth .” The gossips” could negatively affect expect and access to capital “.
Loup Ventures wrote an open letter to Musk on behalf of the members of investors, saying specific comments to Unsworth” spanned the line” and announcing for an apology.
” Over the last 6 months, there have been too many examples of referring behavior that is shaking investor confidence ,” the letter said.
Jing Zhao, who recently registered a shareholder it is proposed to remove Musk as chairman of the Tesla board and installing a independent chairman, said here CEO was being unprofessional and because this is ” not his business” to travel to Thailand and try to directly resolving the salvage challenges.
Zhao said he believed Musk originally had” good intents”, but that” humanitarian rescues … are professional assignments so we should trust others with neighbourhood community connections.
” He should focus on his profession ,” Zhao said, adding that if Musk wanted to help these kinds of causes, he should have a separate charity society.
Zhao also said that this scandal offered further evidence that the company requirement an independent chair:” He is not mature enough .”
Tesla’s members of the security council did not respond to requests for commentary.
Solar Shed, a British renewable-energy installer, said it would” no longer promote” Tesla-branded concoctions and called on other solar firms to do the same, the Washington Post reported on Monday. The company’s managing director tweeted :” All it takes is a public apologetic Mr Musk and i will turn our decision .”