By Hyunjoo Jin

SAN FRANCISCO – Leo KoGuan is a large individual investor in Tesla (NASDAQ) and called Thursday for Tesla to buy back stock after Tesla shares were hurt by CEO Elon Muss’s purchase of Twitter (NYSE).

This comment came after high-profile Tesla bull Daniel Ives a Wedbush analyst on Thursday, cut the target price for Tesla shares due to China’s production disruption. He also warned of “distractions” from Musk’s deal via Twitter.

Tesla shares have lost a third of their value after Musk revealed his Twitter stake early April. He sold Tesla stock worth $8.5 billion to finance his $44 billion Twitter deal.

Further hurting stocks is China lockdown measures that dampened Tesla’s production and an exclusion of Tesla from a widely-followed S&P sustainability index.

KoGuan sent a tweet to Martin Viecha, Tesla’s head for investor relations. He stated that Tesla should immediately buy back Tesla shares in $5 billion and $10 billion, respectively, from free cash flow this fiscal year.

Viecha wasn’t immediately available to comment.

KoGuan, who claimed he was third-largest individual shareholder in Tesla last year and owns more Tesla shares that ARK Invest or Baron Capital, tweeted that claim. Viecha stated at the time that they “confirmed” these claims.

KoGuan said that he used to invest billions in Tesla as he believed in Musk’s great vision. In March, KoGuan stated that he bought more Tesla shares than he sold during stock market dips.

Tesla bull Gary Black, portfolio manager at The Future Fund, told Reuters, “If he (Musk) could get out (of the Twitter deal) Tesla’s stock would go up 10%.”