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Elon Musk's tweets distract from his mission, says tech analyst

Gene Munster, the managing partner at Loup Ventures, wrote an open letter urging Elon Musk to take a break from Twitter. Munster says investors believe in Tesla and Elon Musk's mission to "accelerate the world's adoption to renewable energy."

Posted: Jul 21, 2018 6:10 AM
Updated: Jul 21, 2018 6:14 AM

The world needs to see the real Elon Musk.

"The public perception of Elon Musk more recently is he is thin-skinned and short-tempered," said tech analyst Gene Munster in an interview with Christine Romans on CNN on Friday. Munster penned an open letter to Musk asking him to take a break from Twitter.

"That's not who Elon Musk is." Munster told Romans. "It's important that the world sees what we think is the real Elon Musk."

Munster, a managing partner with the venture capital firm Loup Ventures, described Musk as a motivational leader with an important mission of speeding up the world's adoption of renewable energy. He said that investors were concerned that Musk's Twitter outbursts would distract from his message, and added that he wrote the letter on their behalf.

Related: Tech analyst tells Elon Musk: Time to take a break from Twitter

"We heard from Tesla investors that something needed to be said," Munster explained.

Munster pointed to several recent incidents as examples of a growing problem.

The billionaire CEO attacked analysts during an earnings call in May. He has sparred with short sellers and journalists on Twitter. And most recently, Musk lobbed an unfounded and disparaging accusation against a Vernon Unsworth, a caver who participated in the Thai rescue mission. The latest outburst crossed a line, Munster said.

"Hopefully we'll see some changes over the months to come," he told Romans.

Related: Will Elon Musk's antics hurt his businesses?

The controversy surrounding the Tesla CEO comes at a precarious time for the company, which has struggled to bring the Model 3, its mainstream vehicle, to market. Bottlenecks have severely delayed the delivery timeline Musk promised for the Model 3, and Tesla may need to raise more money from investors soon to avoid a cash crunch.

Needham & Co. analyst Rajvindra Gill said this week that cancellations for Model 3 orders have picked up in recent weeks. Tesla disputes that.

Some experts say that Musk's antics could ultimately hurt the business.

The Tesla leader is "not showing the kind of discipline of someone going to manufacture hundreds of thousands of cars," said Brian Tierney, CEO of Brian Communications.

"When you're looking to expand the appeal of your product beyond innovators themselves, beyond early adopters ... you've got to be careful," said Rebecca Lindland, an analyst with Kelly Blue Book. "You've got to start acting like a CEO."

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 767409

Reported Deaths: 13980
CountyCasesDeaths
Marion1054251805
Lake569191030
Allen42938698
St. Joseph37313568
Hamilton37298426
Elkhart29749470
Tippecanoe23479230
Vanderburgh23201405
Porter19573327
Johnson18822392
Hendricks18072321
Madison13548346
Clark13533198
Vigo12834256
LaPorte12566225
Monroe12546178
Delaware11143198
Howard10672237
Kosciusko9777124
Hancock8740150
Bartholomew8262157
Warrick8069157
Floyd8027182
Grant7366181
Wayne7233201
Boone7184105
Morgan6910143
Marshall6332116
Dubois6274118
Cass6090111
Dearborn601278
Noble599290
Henry5947111
Jackson516377
Shelby510898
Lawrence4922127
Gibson462696
Montgomery458192
Clinton455255
DeKalb455285
Harrison453577
Whitley415745
Huntington415582
Steuben410660
Miami405573
Jasper401155
Knox388391
Putnam385062
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Sullivan221343
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Orange191156
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Brown106043
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Warren87715
Switzerland8348
Union73610
Ohio58111
Unassigned0428

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1123964

Reported Deaths: 20490
CountyCasesDeaths
Franklin1304331493
Cuyahoga1172542263
Hamilton824421261
Montgomery535421062
Summit489021014
Lucas43747834
Butler40000614
Stark33837939
Lorain26029510
Warren24919312
Mahoning22710613
Lake21472396
Clermont20391261
Delaware19143138
Licking16863227
Trumbull16801492
Fairfield16793207
Medina15861276
Greene15528254
Clark14352308
Portage13432218
Wood13343201
Allen12049245
Richland11740213
Miami11019228
Wayne9258228
Columbiana9204236
Muskingum9133137
Pickaway8750123
Tuscarawas8718255
Marion8710140
Erie8135166
Ashtabula7281179
Hancock7048135
Ross7024165
Geauga6962153
Scioto6701108
Belmont6222179
Lawrence5947104
Union590949
Jefferson5725162
Huron5638122
Sandusky5488130
Darke5444131
Seneca5377128
Washington5371111
Athens526960
Auglaize507487
Mercer491185
Shelby482797
Knox4614113
Madison447566
Ashland444898
Defiance438799
Fulton436375
Putnam4354104
Crawford4114111
Brown409662
Preble3949107
Logan392179
Clinton390766
Ottawa375881
Highland366068
Williams356678
Champaign349660
Guernsey330554
Jackson321354
Perry298850
Morrow294743
Fayette289150
Hardin279365
Henry277167
Coshocton272961
Holmes2725102
Van Wert252265
Adams249858
Gallia249850
Pike244737
Wyandot235257
Hocking222963
Carroll201249
Paulding179942
Meigs151240
Monroe137945
Noble137739
Harrison115238
Morgan111624
Vinton87317
Unassigned04
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