Tesla investors are starting to wonder if CEO Elon Musk is still the right man to lead the company. With much of Musk’s attention focused on Twitter, which he’s shaking up following his $44 billion takeover in late October, doubts are increasing about his ability to effectively lead the electric-vehicle maker.
It doesn’t help that he’s sold vast quantities of his personal Tesla shares this year as the carmaker’s stock has plunged about 61% from its peak late last year. That includes the sale of $3.6 billion in stock that he disclosed on Wednesday. He tweeted in April, after selling 4.4 million shares for $4 billion, “No further TSLA sales planned after today.”
