Heather’s last straw was Elon Musk’s vitriolic attacks on Anthony Fauci, one of the most respected immunologists in the world and outgoing director of National Institute of Allergy and Infectious Diseases. Logan recalled that Musk ordered his employees to do the same. stop paying Twitter’s billsVendors for services they have already rendered.
Tom was frustrated by Musk’s erratic, corrosive leadership at Twitter since he bought it at the end October.
When each of them called to cancel Tesla’s preorders or terminate their Tesla leases, they each heard the same thing from the Tesla salesperson: “We hear a lot of this.”
Musk, 51 years old, has been managing Twitter for the past two-months as its new owner and CEOAfter paying $44Billion to purchase the company, he bought it. His chaotic leadership style, which also splits his time, seems to be affecting the other companies he manages. The world’s most influential. second-richest personHe is also the CEO of Tesla Electric Cars and SpaceX Rocket Makers.
Musk launched a poll on Sunday asking users if he should resign as CEO of Twitter. The poll closed at 8:45 AM on Monday. 57% of 17.5 million accounts tallied said he should go. Musk spoke Tuesday he plans to resign as CEO“As soon I find someone foolish enough for the job!” He plans to stay on, however, and oversee the software and servers teams. He’ll likely be Twitter’s primary owner and have a large say in how the company is run.
Elon Musk, who bought Twitter for $44 billion, asked its users if he should resign as its leader.
Musk’s tenure at the CEO position may be ending, but this is because of his open embrace of extreme right-wing reactionaries, his attacks against former staff from marginalized groups, and his spreading of homophobic lies regarding an attack on Nancy Pelosi, the husband of Speaker of House Nancy Pelosi. haphazard pronouncements of new policiesOne of the most important communication platforms in the World.
Twitter is no longer publicly traded, but Tesla is. Investors are unhappy.
Tesla shares have plunged more than 38% in the three months since Musk’s Oct. 27 deal. reportedly pulling engineers from projects at the carmakerAfter he fired half of Twitter’s employees within a week of his takeover, he wanted to keep the lights on at Twitter. Big name advertisers, which account for nearly 90% in Twitter’s sales have given up. People who have spoken out publicly about his corrosive behavior and poorly planned changes to Twitter that led to the proliferation of fake accounts. are too much.
Oppenheimer, one of the major analyst firms, was among the first to announce Monday’s results issue a downgrade for Tesla’s stockCNBC reported that it was rated “A” by CNBC.perform” from “outperform”, before. Evercore ISI cut its 12-month price target on Tesla stock by a quarter of a percent Tuesday, reducing it to $200 from $300. Daiwa Capital Markets analysts reportedly reported that they have lowered their 12-month price target for Tesla stock by a third. marked their target even lower$177, citing a “higher-risk profile from the Twitter distraction”. Tesla stock fell more than 10% Tuesday evening.
Musk has sold nearly $40 billion worthhe used his Tesla shares to fund Twitter, while a $1.2 billion interest payment is due in the next year. The personal fortune of the South African entrepreneur has fallen by half. to $148 billionAccording to Bloomberg’s Billionaires Index, which shows the real-time net worth for the world’s wealthiest people.
Because of his work at Tesla, Elon Musso became the richest man in the world.
Screenshot from CNET
And the man who loves to create memes and hashtags has become the subject of many, with detractors calling him out with #ElonTheSnowflake, #ElonIsDestroyingTwitter and #ElonMuskIsaGiantTurd. He was dubbed “ElonTheSnowflake” by the Twittersphere last week.Space Karen” for removing him from a Twitter’s Spaces discussion because he failed to answer questions from some of the journalists he’d banned temporarily after they wrote stories about his character that he didn’t like.
Heather, a biotech executive nearing the end her lease for a Model S extended-range model, said that “His personality is absolutely tanking Tesla brand.”
Heather and other Tesla owners have been telling friends, family, relatives and posting on social networks that they no longer want to be associated. In response to Musk’s tweets, more than a dozen accounts have posted tweets claiming that Tesla cars will be cancelled. Many of these responses were mocking.
Three customers who were about or nearing completion of their lease payments spoke with CNET on condition that anonymity. They worried that they might have been harassed online or in real life by the “Lease Terminator”. online mobsThey now endorse Musk and feel free to speak as they please on his platform. CNET gave them pseudonyms and one case, they changed the gender of a Tesla customer to avoid any backlash. They have reason to be worried.
Yoel Roth, Twitter’s former head for trust and safety, was forced to leave with his family. to flee their home for fear of their physical safetyThe Washington Post reported that Musk had attacked him in a series tweets. Musk misrepresented Roth’s academic writing on sexuality and children. This led to a torrent of harassment and threats against the Twitter executive, his family, and professors who had reviewed his earlier work. (Roth resigned from TwitterMusk declared himself “chief genius” and made it clear he’d rather be in control than relying on safety and trust teams that are focused on “principled growth.”
These online mobs add complexity to the swirling emotions around Tesla, Musk and Twitter. Logan, a Tesla Model 3 leasee from southern California, was attracted by Tesla and its battery powered cars because he did not want to support oil companies, and also because he liked the car. It’s very comfortable and it drives well.
Musk’s behavior since taking control of Twitter, including his brief defense of Kanye West for making antisemitic remarks about Jews and praising Nazi leader Adolph Nazi Hitler’s actions, was too much.
Logan stated that he does not want to support companies or individuals who act in this manner.
Tom, a former Tesla investor, stated that he is leaving Musk’s companies. He had previously put down a deposit for SpaceX’s Starlink satellite Internet service.
Tom once was impressed by Musk’s businesses and Tom now claims that Musk is “the worst trolling in my feed”.
Tom said, “If he wants the CEO of a social media company, he should really concentrate on that and let go of this other company.” “I would definitely reconsider keeping Tesla if he quits,” Tom said.
Elon Musk brought a sink to San Francisco when he arrived at Twitter’s San Francisco headquarters on the day prior to his takeover. His tweet accompanied by the following: “Let that sink.”
Elon Musk/Getty Images
Call for a response
These Tesla owners aren’t the only ones. YouGov’s poll found that Tesla opinions among car buyers have changed dramatically in the past two years. The company’s net-positive score was 5.9% at the start of this year. It topped at 6.7% in April. It dropped to 5.9% in November. a negative 1.4% readingThe Wall Street Journal reported that last month was the first month that Musk had tweeted his attack against Fauci. Morning Consult found that people are more critical of Tesla now than they were at the beginning.
Tesla is still the most widely used electric car brand in the US, according to S&P Global Mobility, which tracks automotive industry data. It represented 79% in electric cars registered in the US two-years ago. But that number is now a mere 79%. dropped to 65% so far this year, as major competitors such as GM and Ford, Hyundai, Toyota, and Toyota expand their EV offerings. By 2025, S&P Global Mobility expects Tesla’s share of the EV market to plummet to below 20%.
Musk, for his part, told analysts in October that he was on a financial earnings conference callHe stated that he had “excellent demand” during the holiday shopping season. He said that he expected to sell “every car we make” for as far as the future can see. These comments were made one week before he became Twitter’s CEO.
But Tesla sales staff suggest a different story. Tesla staff offered Logan almost $4,000 to keep the order after Logan called to cancel his lease on a new vehicle at the end his lease. The company’s entry-level position Model 3 sedanPrices start at $46,990 without tax incentives or other savings. Prices can go up to $162,940 for a Model X SUV.
Tesla added a December note on its website with an offer similar to Logan’s: $3,750 off sticker price and 10,000 mile discounts free SuperchargingAnyone who is interested in a new Model 3 or would like to be able to take delivery Model Y crossoverBefore the year ends.
Elon Musk stated that he would allow people to tweet any tweets that aren’t illegal.
Heather, a biotech executive and a fan of muscle cars said that she was contacted by Tesla about her Model S lease. She wanted to know if she wanted to keep it or trade it in. After she stated that Musk’s behavior had turned me away, the staff tried their best to distance themselves from their CEO, claiming he doesn’t represent all of the company.
Heather explained to sales staff that things had only gotten worse. Heather, once a regular Twitter user has decided to move to competing social network Post. “I don’t know what’s happened to him,” she said, and asked why Tesla’s board of directors allows his behavior.
Tesla, which doesn’t have a PR departmentNeither the board of its directors nor the company itself responded to a request for comment. Twitter, which does not appear to have a PR department, did not respond to a request for comment. Musk, who tweets a lot each day, didn’t respond to requests either.
Musk has stated that if Twitter isn’t able to turn the tide, it may have to declare bankruptcy.
James Martin/CNET
Going out
Musk’s actions are not only troubling for Tesla owners. Wall Street analysts and investors have raised alarms since Musk’s announcement of his plans to take control of Twitter last April.
The third-largest shareholder in Tesla, the Indonesian billionaire KoGuan Leo. tweeted last weekMusk believed he had abandoned the electric car company. He wrote that Tesla needs and should have a full-time CEO, comparing Musk with Apple CEO Tim Cook who helped build the iPhone maker. into the titan of industry it is today. “An executioner Tim Cook-like is required, not Elon.”
Brian Feroldi, Tesla investor and Motley Fool author, tweeted at Musk saying that shareholders were “concerned about Twitter being”. consuming too much of your timeMusk claimed that he was defending himself, saying he’d “literally just completed” a meeting regarding Tesla production progress in Texas.
Many investors were not convinced. Tesla’s stock dropped more than 65% in the first half of this year. The biggest declines occurred after Musk announced his Twitter Takeover plans. Musk said publicly in April that he believed that Tesla would be a good company. didn’t plan to sell any more of his Tesla sharesHe did this throughout the year. netting near $40 billion. Financial filings indicate that there was a quiet sale of shares in December, totaling $3.6 billion.
Musk’s behavior doesn’t just disappoint customers and investors. They’ve also made Musk’s fans happy. Tom, a former Tesla investor, owned a car and reserved space with SpaceX’s Starlink satellite Internet service. He said that he plans on buying an alternative electric vehicle after his lease expires next January.
Tom said that he was someone Tom could look up to. “Now, he was someone to look up to,” Tom said.
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