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Leo’s rhetoric goes beyond mere speculation: he notes that Musk’s recent moves, including selling significant Tesla stock holdings, seem to align with a strategy to lower Tesla’s market value. If true, this could be a calculated maneuver to make privatization more feasible and financially attractive.
A Stark Comparison: Elon Musk and Sam Bankman-Fried
Adding fuel to the fire, Leo drew a controversial comparison between Elon Musk and Sam Bankman-Fried (SBF), the notorious founder of FTX who was charged with fraud and accused of stealing billions in a crypto Ponzi scheme. While he did not explicitly claim Musk is a fraud, Leo posed a provocative question: Is Elon Musk breaching his fiduciary duty to Tesla shareholders, similar to how SBF betrayed FTX customers?