Musk’s posts on Twitter provoked reaction from stockholders and Silicon Valley commentators, who announced his action immature and an obstacle to the car company’s success.
The embattled CEO came under volley over the weekend after he baselessly called the diver, Vernon Unsworth, a “pedo” on Twitter and redoubled down on the revile before eventually deleting the posts. Musk had piloted to Thailand and offered to assist in the recovery mission of 12 boys and their coach from a flooded cave by providing a submarine, but leaders of the operation declined his help .
Unsworth, who was instrumental in the successful rescue, afterward said Musk’s endeavour was a” PR stunt”, prompting the Silicon Valley billionaire to say he would make a video attesting his “mini-sub” would have worked, including:” Sorry pedo guy, you really did ask for it .” The diver, who was still at the cave site assisting with clean-up, told the Guardian he was ” stunned and very angry” and considering action at law.
Musk and Tesla have gone silent since he removed the tweets, neglecting reproduced requests for statement since Sunday. Some stockholders, nonetheless, are speaking up.
James Anderson, a partner at Baillie Gifford, Tesla’s fourth-largest stockholder, told the Guardian in an email on Tuesday that the company discovered” the end of carbon as essential” but, was ” annoyed that the real steps towards this are being overshadowed and impaired by this saga “.
Anderson said he agreed with some of Musk’s past mentions 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” armistice, quiet and executing” at the electric car company.
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 risk capital conglomerate.” It has to start with an apology .”
In addition to losing the trust of investors, Munster said,” the irony here is that their firebrand is word of mouth .” The gossips” could negatively impact requisition and access to capital “.
Loup Ventures publicized an open letter to Musk on behalf of the members of investors, saying the comments to Unsworth” crossed the line” and announcing for the purposes of an apology.
” Over the last 6 months, there have been too many examples of concerning behaviour that is weakening investor confidence ,” the character said.
Jing Zhao, who recently filed a shareholder it is proposed to remove Musk as chairman of the Tesla board and installing a independent director, said the CEO was being unprofessional and that this organization is ” not his business” to travel to Thailand and try to directly solve the salvage challenges.
Zhao said he believed Musk originally had” good planneds”, but that” humanitarian saves … are professional projects that is why we should rely others with neighbourhood parish connections.
” He should focus on his professing ,” Zhao said, adding that if Musk wanted to help these kinds of causes, he should have a separate charity establishment.
Zhao also said that this scandal offered further proof that the company necessity an independent chair:” He is not mature enough .”
Tesla’s board members did not respond to requests for comment.
Solar Shed, a British renewable-energy installer, said it would” no longer help” Tesla-branded commodities and called on other solar firms to do the same, the Washington Post reported on Monday. The company’s managing board tweeted :” All it takes is a public apologetic Mr Musk and i will change our decision .”