Stepping away totally? No.
Musk additionally made it transparent that he would possibly not be stepping away totally from the daily operating of the operations at Twitter. In the similar tweet, he mentioned as soon as he reveals a CEO, “I will just run the software & servers teams.”
I can renounce as CEO once I to find anyone silly sufficient to take the task! After that, I can simply run the instrument & servers groups.
— Elon Musk (@elonmusk) 1671585658000
When he put that ballot up, Musk had indicated that the issue would possibly not be discovering a CEO however one that can in reality do a excellent task. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” he mentioned in some other tweet.
“As the saying goes, be careful what you wish for, as you might get it,” he tweeted.
There has been hypothesis that Tesla’s shareholders had been unsatisfied about Musk’s full-on involvement with Twitter. One of Tesla’s largest particular person traders, KoGuan Leo tweeted previous this week that “Tesla has no working CEO” and that Musk has “abandoned Tesla.” He adopted up with some other tweet the place he recommended that it could be higher if Musk reveals a CEO for Twitter. Multiple studies have published that Tesla’s inventory hasn’t been doing too smartly. It used to be reported that in comparison to closing yr, Tesla’s inventory value used to be down by way of 50%, hitting a 52-week low. Musk, then again, hasn’t commented publicly in this however has indicated that that is by no means the rationale. A Twitter consumer recommended that the Tesla “inventory is declining now not as a result of @elonmusk ‘s promoting or $TWTR involvement but due to the fact that the risk free rate has spiked over the past year and the economy is headed towards recession. This is what stocks (especially auto OEMs) do during this phase of the cycle.” In a respond to the tweet, Musk posted a bull’s eye emoji.