A former Tesla investor explains why he thinks Elon Musk is the wrong person to lead the company, why he dumped the stock, and what he’s now buying instead

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The breaking point was Tesla's decision to close stores, an unexpected announcement that was later reversed.

didn't wait for that long because he couldn't find excuses to sell. After all, the electric-car maker was mired in a self-described"production hell," and its CEO Elon Musk became the subject of an SEC investigation.— was the Feb. 28 news that Tesla planned to close its stores and move to online-only sales. The company later backtracked on its decision and instead raised prices on all its vehicles except the Model 3.

He chose a Tesla over the Fisker Karma, a former competitor, because he thought he might as well go 100% electric instead of buying a hybrid vehicle. When Fisker Automotive filed for bankruptcy in 2013, Chalekian felt he had made the right decision. He continued:"But the servicing on these cars has been horrible. I've had more problems with my car than any other car combined."An investment chief at $1 trillion Northern Trust lays out a strategy that's survived every major market crash, including the Great Depression

"Having him involved maybe on the board, where he can still give his insight and talk about his vision, would be helpful," Chalekian said."But I don't know if he should, at this point, be the person running the company."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Musk might be brilliant but he says thinks and than take them back and than take the recalling back. Man that dude isn't trustworthy at all anymore in my opinion.

That investor is a loser ..!!

Australia Australia Latest News, Australia Australia Headlines