He was kicked out of the important index, the stock price plummeted and three people were killed in the Model S car accident. Tesla, Inc., the global electric car giant, has encountered a lot of trouble recently!

The market capitalization lost $44 billion overnight! Tesla, Inc. shareholders shouted: a huge repurchase should be announced immediately

On Friday, local time, Tesla, Inc. fell nearly 6.5%, wiping out about $44 billion (280 billion yuan) in market value, a new low since August last year. Tesla, Inc. has fallen more than 40 per cent from its all-time high in November. The market capitalization has lost more than 450 billion US dollars, or about 3 trillion yuan.

After more than a month of falling share prices, Leo KoGuan (Liao Kaiyuan), who claims to be Tesla, Inc. 's third largest individual shareholder, can no longer sit still. On Thursday, he called on social media that Tesla, Inc. should immediately announce plans to buy back $15 billion shares, given the continued decline in share prices.

On Thursday, Liao Kaiyuan spoke to Tesla, Inc. 's senior director of investor relations, Martin Viecha, on social media: Tesla, Inc. must immediately announce that he will buy back $5 billion of Tesla, Inc. shares this year and $10 billion of Tesla, Inc. shares next year. Liao Kaiyuan said that the source of funds for buybacks is the company's free cash flow, thus avoiding the use of the company's existing $18 billion cash reserves.

Earlier, there were media reports that Liao Kaiyuan had invested in Tesla, Inc. since 2019. According to bank records he provided to Bloomberg, he owned 6.31 million shares of Tesla, Inc. as of the end of September 2021. Tesla, Inc. is the third largest individual shareholder after Musk and Larry Ellison (co-founder of Oracle Corp). In addition, he holds 1.82 million options to buy shares in Tesla, Inc. between $450and $550a share.

Liao Kai was a loyal fan of Tesla, Inc.. His investment motto is: hold on to Tesla, Inc., continue to increase the size, and believe in Musk. "I believe the company is on the one-way street of becoming the world's largest electric car manufacturer," he once said. Liao Kaiyuan also said publicly: "I think I am a fan of Musk." On Liao Kaiyuan's Twitter, you can often see him talking about Tesla, Inc. and Musk.

According to public information, Liao Kai was born in Indonesia and is of Chinese-American origin. He is the chairman of the Liao Kaiyuan Foundation and the founder and chairman of the International Software House Corporation (SHI). In 2022, 67-year-old Liao Kaiyuan ranked 424 on the 2022 Forbes list of the world's billionaires with a fortune of $6 billion.

When Tesla, Inc. was removed from the S & P 500 ESG index, Musk was furious: it was a hoax.

On May 18, local time, S & P Dow Jones announced its annual index adjustment, excluding Tesla, Inc., Berkshire Hathaway, Johnson & Johnson, Meta, etc., and joined Twitter and Phillips; Apple Inc, Microsoft Corp, Amazon.Com Inc, NVIDIA Corp, Exxon Mobil Corp and others were re-selected.

Tesla, Inc. 's score on environmental, social and governance standards has remained "fairly stable" over the past year, but it has slipped down the rankings compared with its improving global peers, according to S & P Dow Jones. The Tesla Fremont plant exposed poor working conditions and racial discrimination, the handling of autopilot-related casualty investigations, and the lack of a low-carbon strategy and a code of business conduct.

After the above news was announced, the decline in Tesla, Inc. 's share price widened. By the close of trading on the 18th, Tesla, Inc. 's share price had fallen 6.8% to US $709.81, and its market capitalization had shrunk to US $735.4 billion. Musk was so annoyed that he tweeted that ESG was a "outrageous hoax" and that the S & P Dow was shameful. Mr Musk added, "Exxon Mobil Corp was ranked among the top 10 ESG (environmental, social and corporate governance) by the S & P 500, while Tesla, Inc. was not on the list!" he also said that he would no longer support the Democratic Party and would vote for the Republican Party.

Musk stressed that although Tesla, Inc. has done more for the environment than any other company, the ESG score pays more attention to other political factors. "the political attacks against me will escalate dramatically in the coming months," Musk wrote. "

Us regulators investigate three deaths caused by Tesla, Inc.

Another thing also haunts the global electric car giant. Us auto safety regulators launched a special investigation into a car accident involving Tesla, Inc. that killed three people, the Wall Street Journal reported.

The National Highway Traffic Safety Administration (NHTSA) said it had sent an investigation team to investigate Tesla, Inc. 's car, which killed three people in a car accident in California on May 12, to determine whether it had turned on driving assistance. The accident vehicle, Tesla, Inc. Model S, made in 2022, occurred on the Pacific Coast Highway in Newport Beach when it crashed into roadside construction equipment, killing three people inside and injuring three construction workers.

Newport Beach police declined to comment on whether the Tesla, Inc. car was in autopilot mode at that time, saying the investigation was continuing. Tesla, Inc. has not responded yet.

Since 2016, NHTSA has sent personnel to investigate 34 accidents related to or capable of using the advanced driving assistance system, resulting in more than 10 people were killed and at least 15 injured, including 28 involving Tesla, Inc. cars. In addition, NHTSA is also investigating how Tesla, Inc. 's car crashed into a roadside parked vehicle in autopilot mode and braked suddenly.

According to the report, in recent years, automakers have launched a series of new autopilot functions to reduce the burden of driving vehicles. These so-called advanced driver assistance systems still require driver participation, but they are not strictly regulated in the United States.

Prior to this, Tesla, Inc. has warned users that Tesla, Inc. cars using fully or partially autopilot systems cannot drive on their own on the road, and owners must be ready to intervene at any time.

Recall more than 100, 000 domestic Model 3 and Model Y electric vehicles

Frequent recall of cars due to quality problems is also one of the important issues facing Tesla, Inc..

A few days ago, Tesla, Inc. (Shanghai) Co., Ltd. filed the recall plan with the State Administration of Market Supervision and Administration in accordance with the requirements of the regulations on the recall of defective Automobile products and the measures for the implementation of the regulations on the recall of defective Automobile products, according to the website of the General Administration of Market Supervision. Since May 23, 2022, a total of 107293 domestic Model 3 and Model Y electric vehicles with production dates from October 19, 2021 to April 26, 2022 have been recalled.

In some vehicles within the scope of this recall, when preparing for DC fast charging or during DC fast charging, the CPU of the infotainment system may not be cooled sufficiently, resulting in slow operation of the CPU and slow display of the central touch display screen. In severe cases, the CPU may restart so that the display screen cannot be displayed. When the above faults occur, the reversing image, windshield (defrosting, defog and wiper) function settings, driving gear display and indicator lights will not be used normally, in extreme cases, it will increase the risk of vehicle collision accidents, and there are hidden dangers.

Tesla, Inc. (Shanghai) Co., Ltd. will upgrade the recalled vehicles to 2022.12.3.3 or later version of the software free of charge through the car remote upgrade (OTA) technology. When the upgraded vehicles are preparing for DC fast charging or during DC fast charging, the temperature rise of the CPU will be alleviated to prevent it from slowing down or restarting. For vehicles that cannot be recalled through remote upgrade (OTA) technology, Tesla, Inc. (Shanghai) Co., Ltd. will contact relevant users through Tesla, Inc. service center to upgrade the software for vehicles free of charge to eliminate safety risks.

It is worth noting that this is Tesla, Inc. 's third recall since April 7, with a total of nearly 250000 vehicles. Among them, on April 29th, Tesla, Inc. Automobile (Beijing) Co., Ltd. and Tesla, Inc. (Shanghai) Co., Ltd. announced that some imported and domestic Model 3 high-performance electric vehicles produced from January 12, 2019 to March 25, 2022 will be recalled, totaling 14684. Tesla, Inc. announced on April 7 that a total of 127785 imported and domestic Model 3 electric vehicles manufactured during the period from January 11, 2019 to January 25, 2022 will be recalled.