After $700 billion drop, angry Tesla investors say Elon Musk has "abandoned" them
CBSN
At the start of 2022, Tesla ranked as one of the world's most valuable companies, with a market cap of $1.2 trillion. Its CEO, Elon Musk, was the wealthiest person on the planet, with his ownership stake in Tesla giving him a net worth of $300 billion, along with winning the admiration of many devoted investors.
"Tesla bulls, the future rainbow are here and now," Leo KoGuan, who describes himself as the third-largest individual shareholder of Tesla, tweeted in January 2022. "Smile to your fortunate self."
As the year draws to a close, some of those investors are questioning his judgment and his commitment to the pioneering electric car company. Their disenchantment centers on Musk's October purchase of Twitter for $44 billion, which has consumed the billionaire's attention as well as weighed on Tesla shares.
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