The Cult of Musk is cracking

It is unimaginable what the destruction of almost $800 billion in wealth can do to a cult of character, even somebody as highly effective because the cult that surrounds it. World’s Deadliest Divorced Man.

Our colleagues at FT had a terrific run final Friday”great read“Bitter opinion on Tesla summarizing the corporate’s operational challenges and an enormous change of thoughts even amongst followers. Too many appear to be discovering the worth of sturdy, impartial boards and centered, no-nonsense CEOs too late. Sure, we all know.

The newest huge Tesla is überbull and he describes himself as a Musk “fan” to precise his emotions on-line. Lion KoGuanAn IT billionaire who estimates Tesla is the third-largest particular person shareholder, 23.4 million shares.

Within the sluggish days of late 2021, KoGuan mentioned: “I live or die with Tesla”. As just lately as December, he was declaring a “peace” with Musk after suggesting that he ought to resign and “Tesla is so cheap, I’m buying a Tesla Tesla I’m buying a Tesla”.

However the peace does not appear to final till the brand new yr.

Till final week, KoGuan mentioned the corporate had a “hopeless” requested the scenario SEC to investigate Supine board known as Tesla bullsblind cult followers”he mentioned and Musk mentioned “she escapes with another seductive beauty who seduces the world with her power” (We expect he meant Twitter, not the particular person Musk selected as his subsequent child nest).

Ross Gerber of Gerber Kawasaki is one other distinguished Tesla überbull whose religion has been examined just lately. regardless of his insistenceElon and Tesla will return with vengeance” now plans to run for a nomination Dot on Tesla’s board that the corporate holds accountable for the void on the prime.

Gary Black of the Future Fund has additionally begun to criticize Tesla and Musk himself considerably extra, and it seems like… . . Tesla’s share value efficiency solely interest rate goes up.

Distinguished Tesla Economist youtuber concerning the firm, he additionally modified his thoughts just lately.

However Musk can console himself that there are nonetheless some true believers who will not be deterred by the 70 % plus disadvantages!

#Cult #Musk #cracking


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