Tesla’s third-largest shareholder says Elon Musk should step down as CEO

Indonesian billionaire KoGuan Leo, the third largest individual shareholder of electric car maker Tesla, is demanding CEO Elon Musk get down.

Leo accuses the eccentric billionaire of being too fixated on him Twitter, the social networking site It was recently bought by Musk for more than $44 billion.

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Dr. Leo Kogowan attends the Spring Concert at the 2015 World Science Festival at Frederick P. Rose Hall, Jazz at Lincoln Center on April 30, 2015, in New York City. (Photo by Desiree Navarro/WireImage) (Getty Images)

“Elon gave up Tesla and Tesla has no CEO,” Liu wrote on Twitter on Wednesday. “Tesla needs and deserves to have a full-time CEO.”

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TSLA Tesla Inc 150.23 -7.44 -4.72%

Liu went on to suggest that Tesla The board of directors was obliged to find a replacement. The billionaire suggested that Musk be given the opportunity to find and name a successor with independent board oversight.

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Tesla

A close-up of the Tesla logo on a charger at Tesla Motors Inc’s Supercharger station for electric cars, in the Silicon Valley town of Mountain View, California, August 24, 2016. (Smith Collection / Gado / Getty Images / Getty Images)

He added, “Elon was the proud dad, Tesla grew up. An executioner was wanted, like Tim Cook, not Elon.”

Leo owns approximately 22 million shares of Tesla, with a total value of about $3.4 billion.

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Elon Musk speaks at a meeting in Norway

Tesla CEO Elon Musk smiles as he addresses guests at the 2022 Offshore Northern Seas (ONS) meeting in Stavanger, Norway on August 29, 2022. (Karina Johansen/Getty Images/Getty Images)

A European Commission official reacted early Friday on Twitter recently Some journalists commentseemingly indicating that Musk or the company could face sanctions.

Suspended accounts include those of CNN reporter Donnie O’Sullivan, New York Times technology reporter Ryan Mack, Washington Post reporter Drew Harwell, The Intercept reporter Micah Lee and others, Fox News reported.

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