Elon Musk could lose control of Tesla if the automaker's stock keeps tumbling, ex-Facebook security chief says
Former Facebook security chief Alex Stamos warned that activist investors could start buying up Tesla shares — and even attempt to wrest control of the company from Elon Musk — if the electric car maker's stock doesn't start to turn around: It's down more than 62% so far this year.
Activist investors buy up big stakes in public companies and then agitate for change — sometimes in the board room. "If it continues to drop this hard, then you're going to end up with activist investors getting in, and those activist investors are going to push to get onto the board and then to put pressure on Musk — or even to maybe kick Musk off as CEO," Stamos said of Tesla's big stock drop in an episode of theIf an activist does come along — and so far, there's no indication of that happening — they could finally"be the brake on Musk's behavior," Stamos said, pointing...
Musk and a Tesla spokesperson did not respond to a request for comment from Insider ahead of publication. Stamos was previously Chief Security Officer at Facebook and he was also previously Chief Information Security Officer at Yahoo. He lastof an activist investor trying to unseat a founder when some people were making noise that Mark Zuckerberg should be deposed from the top seat at Facebook in 2019.
Stamos made the comments after Musk made a series of erratic statements on Twitter — from calling for White House chief medical advisor Anthony
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