Tesla shares drop as investors weigh prospect of distracted Elon Musk
Experts think Musk should focus on growing competition in EVs
By Arghyadeep Dutta
Published - Apr 14, 2022, 05:54 PM ET
Last Updated - Feb 21, 2024, 03:40 PM EST
Billionaire handles almost all decisions at his companies
Tesla Inc (NASDAQ: TSLA) shares slumped in early trading on Thursday as investors are concerned that Twitter may divert Elon Musk’s attention from the electric car maker.
Musk on Thursday made an unsolicited $43 billion acquisition bid to take Twitter Inc (NYSE: TWTR) private as he thinks the social media company “will neither thrive nor serve this societal imperative in its current form.”
The billionaire also heads Space Exploration Technologies Corp (SpaceX) and the Boring Co, other than Tesla.
