OPINION | I’m a Tesla investor. Elon Musk is a danger to the company.
I love my Tesla Model 3. It is the best car I have ever owned. Shortly after my wife and I bought it in 2019, we were so impressed with its quality and the vision of the company that we bought stock in Tesla. It was cheap. Now, thanks to dividend reinvestments and stock splits, we own about 2,000 shares. It forms a fairly large part of our retirement portfolio. So when the stock price tanks, so do the prospects for my secure and predictable retirement.
Five days later, this tweet has over eight million impressions, almost 60,000 likes, 14,000 retweets and 12,000 replies—the latter of which are divided roughly in half between those who agree, and those who angrily insult me for criticizing Musk. My small investor fears are mirrored now by big investors. Tesla’s third-largest individual shareholder, Leo KoGuan, who owns $3 billion in shares“Brand equities can go downhill fast once comprised,” investment advisor Gary Black
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