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An investor in Tesla, the electric vehicle company, has called for the suspension of Elon Musk by the board of directors for his support of anti-Semitic perspectives on social media.
Jerry Brackman, president of First American Trust, is pushing for the board to convey a strong message that Musk’s endorsement of an anti-Semitic post on X (formerly known as Twitter) last week, alleging that the Jewish community fosters “hatred against whites”, is unacceptable by suspending him.
“I support freedom of expression, but the CEO of a publicly traded company should not propagate hate,” stated Brackman.
On Friday, major brands such as Disney, NBCUniversal, CNN owner Warner Bros. Discovery, and others halted advertising on X, a platform owned by Musk. According to a report by Media Matters, the companies did not explicitly mention it was related to Musk’s post, but some of their ads were found near anti-Semitic content on X.
Brackman argued that Tesla’s board should place Musk on a 30 to 60 days leave and make it mandatory for him to undergo empathy training and/or therapy.
“Neither his wealth nor his technical and business capabilities are a justification for his statements. It appears that this has only exacerbated the inner conflicts he holds. It is evident that he needs help,” expressed Brackman.
Tesla and the company’s president, Robin Denholm, were not available immediately for comment.
Musk wields substantial influence at Tesla, a company he helped co-found.
Musk is not only considered the most crucial figure at Tesla, but he also serves on the board of directors and is the largest individual shareholder. As of the end of March, Musk possessed 411 million shares, which means his 13% stake is valued at approximately $96 billion today.
In contrast, First American, based in Santa Ana, Calif., held a relatively smaller stake of 16,000 shares at the end of September.
The Tesla board is chaired by Denholm and includes James Murdoch, venture capitalist Ira Ehrenpreis, Musk’s younger brother Kimbal, and Musk himself.
“Only his board can hold him accountable. And he’s got a lot of allies on it,” emphasized Brackman.
Some influential business leaders are standing in support of Musk.
Hedge fund billionaire Bill Ackman, who has been critical of how Harvard and other universities have addressed anti-Semitism on campus, mentioned over the weekend that Musk is “not anti-Semitic.”
“It’s incredible how quick the world is to critique Musk for a bout of modern commentary,” Ackman stated in a post on, “Musk isn’t flawless, but the world is better off because of him.”