Tesla investor accuses Elon Musk of sabotaging the company

For billionaire Leo KoGuan, Elon Musk benefits from falling Tesla shares .

Leo KoGuan is a Tesla investor who declared himself an Elon Musk “fanboy” in the past , but is now questioning the tycoon.

KoGuan has reason to, thanks in large part to his investment in Tesla stock , which has skyrocketed since 2020 but has started to fall since 2022.

According to Bloomberg , KoGuan owns 22.6 million Tesla shares , making him one of the biggest investors in Elon Musk ‘s company .

Obviously, he’s been affected by seeing stocks that were over $350 approach $110 in 2023. And for the investor, there’s something off.

Does Elon Musk sabotage Tesla shares?

Leo KoGuan used Twitter , the social network that belongs to Elon Musk , to accuse him of causing the Tesla stock price to fall to profit.

“The greatest betrayal of the one who cannot be named, and only if true, purposefully wrecked Tesla ‘s stock price and its investors for tax-linked benefits,” he said, referring to Elon Musk .

This theory came after Alex Lagetko, a manager at a small investment firm, explained that Musk would benefit from a drop in Tesla’s stock, based on Tesla ‘s compensation plan .

Elon Musk had already achieved the 12 goals that would earn him more shares, so he no longer had incentives to keep the company growing and falling shares would mean less taxes, while also satisfying his personal aspirations by buying Twitter .

In the past 15 months, Elon Musk has sold $40 billion worth of Tesla stock .