Tesla shareholders upset by anti-Semitism: Elon Musk needs to come down

A Tesla shareholder has called on CEO Elon Musk’s board of directors to suspend him over his recent anti-Semitic actions. According to CNN on the 20th (local time), Jerry Brachman, president of investment firm First American Trust, issued a statement saying, “I believe in freedom of expression, but it is unacceptable for a CEO of a publicly traded company to spread hate.” “The Tesla board of directors should require CEO Musk to step down from his position as CEO for 30 to 60 days and receive empathy therapy,” he argued. “His wealth and technical and business capabilities are not an excuse to condone his remarks,” Brachman said. “It only amplified his evil nature,” he said. “And now it shows that he needs help.” This company is a shareholder holding 16,000 shares of Tesla stock as of the end of September.

The voices of Tesla shareholders opposing Musk’s anti-Semitic remarks are growing louder. Ross Gerber, CEO and president of Gerber Kawasaki, another Tesla shareholder, also warned in a recent interview with economic media outlet CNBC that Musk’s actions are “destroying the brand.” “Tesla’s board has a responsibility to act,” Jeffrey Sonnenfeld, dean of the Yale School of Management, told CNN. “He should not be able to use the title of CEO of Tesla.”

Previously, on the 15th, Musk left a comment on a post by user The post in question was a post that promoted anti-Semitism, with the content that “the Jewish community is inciting such dialectical hatred against white people while claiming that hatred towards themselves must stop.” Since then, the impact has been growing, with companies such as Disney, NBCUniversal, Comcast, Lionsgate, and Warner Bros. Discovery stopping advertising on the X platform owned by Musk. Musk owns 411 million shares of Tesla stock (about 13% of the total shares as of the end of March).