Elon Musk Has a Major Problem: Tesla Investors Are Absolutely Disgusted With Him

Tesla investor dissatisfaction seems worse than ever, as stock owners head for the hills over Elon Musk's increasingly toxic politicking. In a post on the r/TSLA subreddit during this week's 15 percent dropoff that saw Tesla stock plummet to roughly $220 per share, a jilted investor asked their fellow stock owners a provocative question: will the price decline further? As one user noted, "it seems clear that Tesla is in a far worse position" than it was half a year ago amid "rapid" sales declines in both the American and Chinese markets — not to mention a veritable free-for-all in Europe, where Musk's Nazi salute in January has been particularly alienating. "The CEO hasn’t been at work in months and has been actively destroying the brand," that user continued. "Competition is eating Tesla from every angle." That sentiment seems to be nearly universal. Even longtime Teslas stans like investment banker Ross Gerber are calling on the CEO to step aside and let someone else run the comp ... Read full article.