The world’s richest person and Electric car company Tesla owner Allen Musk is demanding the removal of the company’s CEO. This demand is being made by an American investor. Who invested in Tesla through shares. During a conversation on an American TV show, the investor made several allegations against Alan Musk. Due to which he demanded Musk’s resignation and stated the need of a new CEO for Tesla.
Why protest Allen Musk?
There is an atmosphere of nervousness in the US stock market amid fears of global trade war. However, Tesla’s shares are now improving after a major decline. But in the meantime, the demand for the removal of CEO Alan Musk has also started arising. This demand has been made by an investor of the company. He also gave a big reason for this. The US stock market has been seeing fluctuations for the past several days. Meanwhile, till a few days ago, Tesla’s shares also saw a huge decline. This caused heavy losses to investors. This can be gauged from the fact that Tesla’s shares are currently trading in the green mark. But many investors are not able to recover from the decline in Tesla’s shares.
Tesla’s share price declines
Musk’s company Tesla has been facing heavy opposition in the US for the last few days. The impact of this protest is being seen on the company’s sales and shares. American investor Ross Garver, who invests Tesla’s shares, expressed his displeasure during a TV show. He also asked Alan Musk to resign due to the loss in Tesla’s shares for the past several days. He said that after Donald Trump became President for the second time, Alan Musk got new responsibilities in the White House. Since then they have not been paying attention to the company.
What are investors saying?
A Tesla Investor said that Musk has worked to destroy his company Tesla’s reputation. He said, ‘I think Tesla now needs a new CEO.’ I have decided to raise this issue today. After the announcement of mutual tariffs by the President, the fears of trade war have increased worldwide. There is an atmosphere of panic in the US stock market. Nasdaq, S&P 500 and Dow Jones Index are all declining. Tesla’s shares also declined drastically. There was a decline of 34 percent within a month. It fell from an all -time high level of $ 488.54 to $ 235.86.
Alan Musk cleaned
Alan Musk has also been entrusted with important responsibilities during the second term of Donald Trump. After assuming office, Trump formed the Department of Government Efficiency and entrusted its responsibility to Allen Musk. When Tesla’s shares fell, Alan Musk also made a big statement in his defense. He talked about his problem. He said that he was having difficulty in handling the responsibilities of the White House and Tesla.
