Elon Musk just unfollowed KoGuan Leo, the third largest individual shareholder of TESLA

upupahcai
2022-12-09

Well, Elon Musk just unfollowed KoGuan Leo, a Singaporean who is the third largest individual shareholder of Tesla on Twitter. What happened?

KoGuan Leo started off as a retail investor and amassed his fortune through investing in Tesla from 2019 and has sort of become the voice and also acting as a big brother of Tesla retail investors.

When Tesla stock price was falling this year, he tweeted he has been buying up shares in an attempt to shield retail investors from falling knives.

A supporter for TESLA buyback programme 

Recently KoGuan Leo has been louder is his demand for TESLA to declare a share backback programme arguing a $15 billion buy back programme to prop tesla share price back up

In a series of tweet aimed at Elon Musk and Tesla board of directors , he questioned the rational of not announcing a buyback programme especially with tesla generating increased amount of free cash flow

Conclusion

What do you think of Elon Musk's decision to unfollow KoGuan Leo? Do you think Tesla needs to buyback their shares currently? 

I personally think it would be wise in this market conditions, TESLA probably will have $25 billion free cash flow by end of the year after all capital expenditure. A $5 billion cashback programme wouldn't seem far fetched or overzealous 

It would also aligned themselves with other major companies like APPLE, AMAZON and NVIDIA that declared stock buyback programme earlier. 

$Tesla Motors(TSLA)$ $Apple(AAPL)$ $NVIDIA Corp(NVDA)$ 


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Comments

  • EmilyMark
    2022-12-09
    EmilyMark
    Honestly think we might hit 148.00 and Elon gets margin called on his Tesla collateral for TWTR.
  • FranklinMorley
    2022-12-09
    FranklinMorley
    whose ready to collect a big payout with the flush down tomorrow price action is nowhere near bullish waiting for that 169 break and then a new 52 week low
    • upupahcai: 
      Key level is indeed 169, the irony lol
  • littlesweetie
    2022-12-09
    littlesweetie
    Buy the dip is good advice if you know where the bottom of the dip is. For Tesla we heard buy the dip at 400, 375, 350, 325, 300, 275, 250, 225, 200, and now 175. Everyone has been buying the dip for quite some time.
    • upupahcai: 
      Haha! That $400 dip price [Facepalm]
  • Lynn098
    2022-12-10
    Lynn098
    Agree that Tesla should start buying back shares to be aligned with shareholders.
  • Tongdadd
    2022-12-12
    Tongdadd
    Why did Elon follow him in the first place?
    • upupahcai: 
      Probably because they know each other? I know they met in person before
  • Heistheone
    2022-12-10
    Heistheone
    Will catch some when hit below 150😛
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