Will Musk be more focused on building cars when Twitter finds a new CEO?
On May 12th, analysts believe that Elon Musk's choice of a new CEO for Twitter mayCanLess distractions, allowing him to focus more on Tesla's development. At present, the problem of Tesla's declining demand has been troubling Musk
On May 12th, analysts believe that Elon Musk's choice of a new CEO for Twitter mayCanLess distractions, allowing him to focus more on Tesla's development. At present, the problem of Tesla's declining demand has been troubling Musk.
On Thursday, Musk revealed that he had found the new female CEO of Twitter, but did not disclose his name. According to the Wall Street Journal, this mysterious person may be Linda Yaccarino, the advertising director of NBC Universal, an American entertainment and media company.
Since Musk acquired Twitter for $44 billion, Tesla investors have been concerned that he may not be able to fully invest in the company as Tesla is engaged in a price war with startups and traditional automakers. Due to Musk's continued attention to Twitter, Tesla's stock price fell 65% in 2022. But this year, the stock price has risen by 40%.
Gene Munster, managing partner of DeepwaterAsset Management, said, "This is a small piece of good news for Tesla shareholders as Musk may spend more time following Tesla. However, other things are also taking up his time
Hargreaves Lansdown analyst Sophie Lund Yates said, "Tesla investors are likely to cheer for this move because Musk is too hands-on on on Twitter, leading to concerns that he is not focused on Tesla's development
Although Twitter has taken up most of Musk's time, he is still actively managing several other companies, such as SpaceX and Neurolink, a brain computer interface company. Recently, Musk also established an artificial intelligence company called TruthGPT to challenge ChatGPT and Google Bard.
Musk andTwitterThe relationship is quite chaotic. After taking over, he laid off thousands of employees, fired the executive team, including the CEO, and made many changes to the company's policies and strategies to reduce reliance on advertising and rely more on subscriptions. (Easy to say)
(This article is translated by AI and proofread by NetEase editor)
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