Posting a picture showing a woman (Tesla) who is upset by
her boyfriend (Elon) checking out another woman (Twitter), he said, "So
may seem like below, but not true."
"To be clear, I'm spending <5 percent (but actually)
of my time on the Twitter acquisition. It ain't rocket science!" he
tweeted.
"Yesterday was Giga Texas, today is Starbase. Tesla is
on my mind 24/7."
Tesla this year opened its new car factory in Texas, and
Musk's rocket company SpaceX has a launch site known as Starbase in Boca Chica,
Texas.
Tesla shares have lost one third of their value since the
billionaire disclosed his stake in Twitter in early April and sold $8.5 billion
worth of Tesla stocks in a move seen to help finance his $44-billion Twitter
deal.
Further hurting stocks are China lockdown measures that
dampened Tesla's production and an exclusion of Tesla from a widely-followed
S&P sustainability index.
Tesla bull Daniel Ives, an analyst at Wedbush, on Thursday
cut the target share price of Tesla due to the China production disruption and
warned of "distraction risks" from Musk's Twitter deal.
Leo KoGuan, a major individual investor in Tesla, on
Thursday called on the electric carmaker to buy back shares.
To be clear, I’m spending <5% (but actually) of my time on the Twitter acquisition. It ain’t rocket science!
— Elon Musk (@elonmusk) May 19, 2022
Yesterday was Giga Texas, today is Starbase. Tesla is on my mind 24/7.
So may seem like below, but not true. pic.twitter.com/CXfWiLD2f8
"Tesla must announce immediately and buy back $5
billion of Tesla shares from its free cash flow this year and $10 billion from
its free cash flow next year, without effecting its existing $18 billion cash
reserves with ZERO debt," KoGuan said in a Twitter message to Tesla's head
of investor relations, Martin Viecha.
Viecha was not immediately available for comment.
Last year, KoGuan, the third largest individual shareholder
of Tesla, said he was investing billions in Tesla because he believes in Musk's
"great mission that I share." He said in March that he was buying
more Tesla shares, not selling during the stocks' dip. © Reuters