Share the post "Twitter on a way to lose $4 billion a year, Tesla closes at $150. End of Elon Musk as CEO?"
New details are leaked concerning the whole controversy around Elon Musk and his activities with Tesla Inc. and Twitter Inc.
On 19th December 2022, Tesla Inc. shares closed down below $150 – which is first time since October 2020. Compared with a YTD (Year To Date), all Tesla shares are down -57.5%. Elon Musk, again got rid of $3.6 billion dollars. Moreover, he now mainly focuses on the Twitter, a social media platform, a bit leaving Tesla to its own fate.
Those activities concerned Leo KoGuan, Tesla’s third largest individual investor and shareholder of a company, who know recalls and demands a new CEO as “Tesla needs and deserves to have working full time CEO” as well as “executioner, Tim Cook-like is needed, not Elon”.
Moreover, Elon Musk posted a Twitter pole lately, in which he asks people whether he should step down as a head of Twitter. He also mentioned that he will “abide by the results of this poll”. 57.5% of people voted for “yes” meaning that he may be stepping down soon. It is also said that Twitter is on a good track of loosing around $4 billion per year as a result of activities such as banning journalists, weird verification subscription plans or many good advertisers who left this platform.
“As the saying goes, be careful what you wish, as you might get it”
Musk commented after the poll was released. He also mentioned that “No one wants the job who can actually keep Twitter alive. There is no successor” That may suggest that Elon Musk is trying to step down from a CEO position, but it’s a difficult task, as there is no one to take his place.
In my opinion, Elon Musk is a great leader, we can compare his case to the case of Steve Jobs. He invented something great, and was able to make a history with his products, just like Jobs did with the Apple. But as of now, I agree with statement of KoGuan Leo that Tesla needs “An executioner, Tim Cook-like is needed, not Elon” meaning that someone is needed who can scale up the company, and take it to next level, just like mr. Cook did to Apple.
Also, mr. Musk already took to many things in his hands, as he is now a CEO of 3 gigants: SpaceX, Tesla and Twitter.
However, I also think that he is a great leader that created two of world’s best known companies and he greatly knows how to lead them. Because of current circumstances, most of the companies worldwide are suffering badly, so that may be the one reason of such low prices of Tesla Inc. stocks and problems around Twitter. In the future, I think that Musk may turn Twitter into world’s largest social platform that will last for centuries for human specie (as this is his goal) as well as improve Tesla’s market performance just when the times will be slightly better.
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- Do you think Elon Musk will step down from being a CEO of Twitter and/or Tesla?
- Do you think Tesla Inc. will beat its ATH of ~$381?
- What will be faith of Twitter Inc. in the hands of Elon Musk?
Thank you for reading this article, I hope you enjoyed. Leave any comments and thoughts below.
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