Jon McNeill, former President at Tesla, talked about investors’ concerns about the leadership of CEO Elon Musk via CNBC’s Squawk Box segment on April 28.
On Twitter, Tesla investor Sawyer Merrit was the first to share the CNBC interview, emphasizing the part in which the former Tesla executive addressed investor worries. Jon McNeill specifically tackled issues raised in a recent open letter that prominent Tesla stockholders signed.
Main concerns among Tesla investors
Many investors claim that Elon Musk does not devote enough time to Tesla. Instead, he is reportedly working on projects at Twitter and SpaceX. McNeill’s reaction was simple: Musk is not just spending much time at the company. However, judging his responses on the most recent earnings call, Musk is still highly knowledgeable about the company’s operations and future goals.
He further asserted that investors should concentrate on company performance, which remains positive for Tesla.
McNeill also credits Musk’s success to an “ungodly work ethic” and remarkable commitment to time management.
Delivering on commitments is a crucial issue that Tesla customers have raised. Most frequently, this criticism has been directed at the controversial Cybertruck and Full Self-Driving. McNeill was more critical of Elon Musk’s leadership in this instance.
Without a doubt, Tesla has fulfilled significant promises. However, these promises are frequently not kept on schedule. Consumers and investors trying to evaluate the company’s conduct may find it upsetting.
See Also:
- Tesla investors demand stronger CEO commitment in an open letter
- Tesla investors focus on demand issues in earnings report
- Tesla may have previewed the speculated electric van at its Investor Day presentation
- Legendary US investor says BYD is outselling Tesla in China by a margin that is “almost ridiculous”
- Elon Musk explains how Tesla values “investors” on Investor Day
Lastly, investors and prominent US lawmakers have raised concerns about talent pooling between Musk-owned companies. Musk recently received criticism for sending Tesla software engineers to Twitter after buying the social media platform. In response, McNeill was more reserved, pointing out that while the talent-sharing system can lead to amazing innovations, there are ethical dangers involved.
You can watch the full episode of CNBC’s Squawk Box segment here.
