Tesla boss Elon Musk wanted to take over Twitter, then he backed out of the deal. A German fund manager criticizes this sharply: “His behavior borders on investment fraud.” The Washington Post / Getty Images
Henrik Muhle founded the Acatis Gané Value Event fund in 2007 – today one of the largest in Germany with a volume of seven billion euros.
After the failed takeover of Twitter, the star fund manager took a hard line against Tesla boss Elon Musk in a FAZ interview. “His behavior borders on investment fraud,” says Muhle.
This is not the only reason why the financial expert would not invest in Musk’s companies.
Henrik Muhle likes the tech stocks of Apple, Microsoft and SAP. Tesla boss Elon Musk, however, is less popular with the German fund manager. “We wouldn’t invest in Elon Musk,” said Muhle in an interview with “Frankfurter Allgemeine Zeitung“. The Acatis Gané Value Event fund, founded by Muhle with Uwe Rathausky, has a volume of seven billion euros – making it one of the largest funds in Germany.
The newspaper had mentioned Muhle and Musk in an interview on Twitter. The Tesla boss wanted to buy the short message service for 44 billion euros, but then let the deal fall through. There is now a legal dispute between him and the company. Muhle takes Musk seriously. “His behavior borders on investment fraud and can at least be described as illegitimate,” said the star fund manager.
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The financial expert is more than cautious towards Musk, and not just because of the failed takeover of Twitter. “The Twitter withdrawal is not the first time that he has broken his word and misled others,” explained Muhle. “We don’t trust someone like that.” The fund manager wouldn’t join Twitter either. “We don’t find Twitter interesting as a company.”
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