Musk’s posts on Twitter sparked reaction from stockholders and Silicon Valley psychoanalysts, who announced his behavior immature and an impediment to the car company’s success.
The embattled CEO came under fervor over the weekend after he baselessly called the diver, Vernon Unsworth, a “pedo” on Twitter and doubled down on the revile before eventually removing the posts. Musk had hovered to Thailand and offered to assist in the rescue mission of 12 boys and their manager from a submerge cave by providing a submarine, but leaders of the operation worsened his help .
Unsworth, who was instrumental in the successful rescue, afterward said Musk’s attempt was a” PR stunt”, motivating the Silicon Valley billionaire to say he would make a video demonstrating his “mini-sub” would have worked, adding:” Sorry pedo guy, “youve been” did ask for it .” The diver, who was still at the cave area help with clean-up, told the Guardian he was ” stupefied and very angry” and considering legal action.
Musk and Tesla going to go silent since he removed the tweets, dismissing recurred requests for observation since Sunday. Some shareholders, however, are speaking up.
James Anderson, business partners at Baillie Gifford, Tesla’s fourth-largest shareholder, told the Guardian in an email on Tuesday that the company understood” the end of carbon as essential” but, was ” annoyed that the real steps towards this are being overshadowed and endangered by this saga “.
Anderson said he agreed with some of Musk’s past observes calling out critical psychoanalysts,” 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” agreement, quiet and execution” at the electric car fellowship.
If Musk’s behavior did not change,” it could have a spectacular negative impact on the company”, said Gene Munster, head of research at Loup Ventures, a venture capital firm.” It has to start with an apologetic .”
In addition to losing the trust of investors, Munster said,” the incongruity here is that their firebrand is word of mouth .” The gossips” could negatively affect necessitate and access to capital “.
Loup Ventures produced an open letter to Musk on behalf of the members of investors, saying the comments to Unsworth” spanned the line” and announcing for the purposes of an apology.
” Over the last 6 months, there have been too many examples of referring action that is shaking investor confidence ,” the word said.
Jing Zhao, who recently registered a stockholder proposal to remove Musk as chairman of the Tesla board and installing a independent director, said here CEO was being unprofessional and because this is ” not his business” to travel to Thailand and try to directly solve the salvage challenges.
Zhao said he believed Musk initially had” good goals”, but that” humanitarian recoveries … are professional undertakings that is why 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 arrangement.
Zhao also said that this scandal offered further evidence that the company necessary 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 products 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 reverse our decision .”