Elon Musk's selection of a new CEO for Twitter may remove a big distraction for the billionaire and allow him to focus more on Tesla Inc, which has been struggling with a drop in demand for its electric vehicles, analysts said.Shares of the world's most valuable electric vehicle maker, which have gained 4
Elon Musk's selection of a new CEO for Twitter may remove a big distraction for the billionaire and allow him to focus more on Tesla Inc, which has been struggling with a drop in demand for its electric vehicles, analysts said.
Ever since Musk bought Twitter in a $44 billion deal, Tesla investors have been worried that he may not be able to give his full attention to the company, which is in a price war with upstarts and legacy automakers. Musk said on Thursday he had found a new CEO for Twitter, without naming the person. The Wall Street Journal reported that Comcast Corp NBCUniversal executive Linda Yaccarino was in talks for the top role at the social media platform."Tesla investors are likely to celebrate this move too, with Musk's very hands-on approach at Twitter leading to concerns he had taken his eye off the ball at this EV giant," Hargreaves Lansdown analyst Sophie Lund-Yates said.
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