Tesla Investors Complain That Elon Musk Is Spending Too Much Time on Twitter — On Twitter As Tesla's stock falls, there are increasing calls for Musk to return to his duties as CEO or pass the baton.

By Jonathan Small

This has not been a stellar week for Tesla.

Shares are down nearly 13%, and yesterday company CEO Elon Musk disclosed that he sold 22 million shares of his Tesla stock, amounting to $3.6 billion.

Related: Elon Musk Isn't the World's Richest Person Anymore — Here's Who Stole His Title

Some Tesla investors have begun to blame Musk's lack of focus for the company's decline. They say he's been too distracted by Twitter, which he bought in October for $44 billion, noting that he's spent the last several weeks working from the company's San Francisco office, hosting audio chats, and engaging in too much public discourse about Twitter's new features and policies.

Perhaps ironically, many of these frustrated investors have turned to Twitter itself to vent their anger.

"I expect the Tesla Board to ramp up pressure on Elon to find a talented, driven 24/7 media exec to run Twitter so Elon Musk can refocus all his energies on running Tesla," tweeted Tesla investor Gary Black, who is Managing Partner, The Future Fund LLC.

Twitter investor Ross Gerber, the co-founder of Investment Advisor, agreed, tweeting that Tesla's fortunes would turn around if the company found an interim CEO.

In a letter to Tesla board chair Robyn Denholm and senior director of investor relations Martin Viecha, Nancy Levine asked: "What, if anything, is the Tesla board of directors doing to protect shareholders from the damages inflicted by Mr. Musk's Twitter activity?"

The letter was posted on Twitter, naturally.

But not all investors are concerned about Musk's latest actions.

Tesla investor Galileo Russell told The Washington Post that although he thinks Musk has gotten a little too political lately, he still supports him.

"I hold all my Tesla shares and continue to believe Elon is the best CEO on the planet and best person to run Tesla," he said.

Musk himself has told investors not to worry— albeit through Twitter.

"I will make sure Tesla shareholders benefit from Twitter long-term," he tweeted earlier this week.

Jonathan Small

Entrepreneur Staff

Founder, Strike Fire Productions

Jonathan Small is a bestselling author, journalist, producer, and podcast host. For 25 years, he has worked as a sought-after storyteller for top media companies such as The New York Times, Hearst, Entrepreneur, and Condé Nast. He has held executive roles at Glamour, Fitness, and Entrepreneur and regularly contributes to The New York Times, TV Guide, Cosmo, Details, Maxim, and Good Housekeeping. He is the former “Jake” advice columnist for Glamour magazine and the “Guy Guru” at Cosmo.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Money & Finance

How Much Money Do You Need to Retire Comfortably in Your State? Here's the Breakdown.

Regardless of where you spend your golden years, it pays to be realistic about the cost of living.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Business News

Microsoft's Mass Layoffs Affected at Least 800 in Software Engineering, According to New Documents

About one-third of the total roles cut were reportedly at Microsoft HQ in Redmond, Washington.

Side Hustle

How to Quit Your Job With Confidence and Go All In on Your Side Hustle

Your side hustle is gaining traction, but the fear of leaving the security of your 9-to-5 job is holding you back. This article explores how to navigate that crossroads and make a confident, strategic leap.

Business News

Walmart Is Raising Prices, According to the Company's CEO. Here's When.

Walmart leadership said the company is still collaborating with vendors to keep its "everyday low prices."