It’s unimaginable what about $800bn of wealth destruction can do to a cult of persona, even one as highly effective because the one surrounding the World’s Most Terminally Divorced Man.

Final Friday our colleagues on the FT ran an excellent “big read” on the souring view on Tesla, which sums up the corporate’s operational challenges and the ocean change in opinions even amongst followers. It looks like many are belatedly discovering the worth of robust, unbiased boards and centered, non-shitposting CEOs. Sure, we all know.

The newest large Tesla überbull and self-described Musk “fanboy” to vent their emotions on-line is Leo KoGuan, an IT billionaire that estimates that he’s Tesla’s third-biggest particular person shareholder, with 23.4mn shares.

Again within the halcyon days of late 2021 KoGuan was saying that “I live or die with Tesla”. As just lately as December he was declaring a “peace” with Musk after suggesting he ought to step down, and insisting that “Tesla is so cheap, I buy buy buy Tesla Tesla Tesla”.

However the peace doesn’t appear to have lasted into the brand new yr.

Over the previous week or so KoGuan has been arguing that the corporate is in a “desperate” scenario, requested the SEC to investigate the supine board, referred to as Tesla bulls “blind cult worshippers”, and stated that Musk “is running away with another seductive beauty that seduces the world with her power” (we expect he means Twitter relatively than whoever Musk has chosen as his subsequent child receptacle).

Ross Gerber of Gerber Kawasaki is one other distinguished Tesla überbull whose religion has been examined currently. Regardless of insisting that “Elon and Tesla are going to make a comeback with a vengeance” he’s now planning to run for a spot on Tesla’s board which he blames for the vacuum on the high of the corporate.

The Future Fund’s Gary Black has additionally turn into notably extra crucial of Tesla and Musk himself, and appears . . . unconvinced by the argument that Tesla’s share worth efficiency is simply due to interest rate increases.

Tesla Economist, a widely known YouTuber on the corporate, has additionally had a change of coronary heart currently.

However Musk can console himself that there are nonetheless some true believers that stay undeterred by 70 per cent plus drawdowns!

Leave a Reply

Your email address will not be published. Required fields are marked *