Tesla’s third largest shareholder is calling on Ouster of Elon Musk as CEO

Tesla needs a full-time CEO. Scott Olson/Getty Images

KoGuan Leo, the Indonesian billionaire and Tesla’s third largest individual shareholder, has called on the electric car maker’s CEO, Elon Musk, to step down because most of his attention has been riveted on Twitter lately.

“Elon gave up on Tesla and Tesla has no working CEO,” Leo chirp on the 14th of December. “Tesla needs and deserves to have a full-time CEO.”

Liu suggested that the Tesla board of directors appoint a professional director, someone similar to Apple CEO Tim Cook, as Musk’s replacement.

“Tesla is 19 years old, fourth with an allocation of 2.4 percent in S&P,” he said in a statement. Another tweet. “Elon was the proud dad, and he raised Tesla. An executioner is wanted, like Tim Cook, not Elon.”

Kuguan Liu
Kuguan Liu Desiree Navarro/WireImage

Leo owns about 22.6 million Tesla shares, worth $3.4 billion, and 1.23 million call options as of August, making him the company’s third-largest individual shareholder behind Musk and Oracle founder Larry Ellison, according to bloomberg.

Liu is the Chairman and Co-Founder of SHI International Corp. , an enterprise software company. He is the 398th richest person in the world with a net worth of $5.8 billion Bloomberg Billionaires Index.

Leo Forbes said In October 2021 he is Elon’s “fan”. Tesla stock was trading at a record high at the time. Since then, it has fallen by more than 60 percent.

Tesla's third largest shareholder is calling on Ouster of Elon Musk as CEO

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