Alon Musk, owner of Tesla, the world’s richest man and electric car company, is demanding to remove the company’s CEO. This demand is being made by an American investor. Who invested in Tesla by shares. During a conversation at an American TV show, the investor made several allegations against Alon Musk. Because of this, he sought Musk’s resignation and stated the need for a new CEO for Tesla.
Why oppose Alon Musk?
There is a panic in the American stock market amid suspicion of trade war in the world. However, after a major decline, Tesla’s shares are now improving. But in the meantime, CEO Alon Musk has been demanded to be removed. This demand has been made by an investor of the company. He also gave a major reason for this. The American stock market has been up and down for the last several days. Meanwhile, till a few days ago, Tesla’s stock also saw a sharp decline. This caused a huge loss to investors. This can be estimated from the fact that Tesla’s shares are currently trading in green marks. But many investors cannot get out of the decline in Tesla’s stock.
Tesla’s stock price dropped
Musk’s company Tesla has been facing heavy protests in the United States for the past few days. The impact of this protest is being seen on the company’s sales and shares. American investor Ross Garver, who invested in Tesla’s stock, expressed his displeasure during the TV show. He also sought his resignation from Alon Musk due to the loss of Tesla’s shares for the last several days. He said that since Donald Trump became president for the second time, Elon Musk has received a new responsibility in the White House. They have not been paying attention to the company ever since.
What are investors saying?
Tesla’s investor said Musk had worked to destroy his company Tesla’s reputation. “I think Tesla now needs a new CEO,” he said. I have decided to raise this issue today. Following the announcement of reciprocal tariffs by the President, the fear of trade war has increased all over the world. There is an atmosphere of panic in the American stock market. The Nasdaq, S&P 500 and Dow Jones indicators are facing a major decline. Tesla’s stock also dropped significantly. Within a month, 34 percent decreased. It fell to $ 235.86 from the highest level of $ 488.54.
Alon Musk gave clarity
Alon Musk has also been entrusted with important responsibility in Donald Trump’s second tenure. After taking over, Trump formed the Department of Government Efficiency and has been entrusted with the responsibility of Alon Musk. When Tesla’s stock fell, Elon Musk also made a big statement in his defense. He talked about his problem. He said he was having difficulty managing the responsibilities of the White House and Tesla.
