Tesla investors are starting to lose patience with Chief Executive Officer Elon Musk, who directs much of his time and energy towards his newly acquired social media, Twitter, reports Bloomberg News.

Long-time investor Trevor Goodwin recently sold most of his shares in the company at a total value of USD 30,000, retaining only USD 500 worth of shares.

He has had enough with the world’s wealthiest man’s antics.

”It’s almost as if he’s abandoned us in favor of his new mission. When he announced he was going to purchase Twitter, I was totally against it because it’s a distraction from Tesla and everything he’s trying to accomplish there,” says Goodwin who started investing in Tesla about five years ago.

The tech billionaire has sold shares worth at least USD 36bn in order to finance his purchase of Twitter, which set him back USD 44bn. This has fueled concerns about the share, which has depreciated 56.7% since the beginning of the year. At the same time, the company has also been impacted by supply chain issues, rising commodities prices and lockdown measures in China, all dragging the share price down.

According to Bloomberg News, many investors are still loyal to Tesla equity and Musk – even if they are not entirely thrilled about the Twitter dramatics.

Another investor, Earl Banning, has yet to cash in, having been a fan of Tesla since 2015, when he bought his first couple of hundred shares. Banning is one of many who stands up for Musk on social media. Despite his confidence in the CEO, he is less keen on Musk’s political outbursts on the social media.

”It’s been so unnecessary. You’ve got a great car company. Just stop it,” says Banning.

Musk claims he now works 120 hours a week, up from 70-80 hours weekly, after bringing Twitter into his fold, which also includes SpaceX.

The Tesla share price goes down 2.4% to USD 175.43.

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