Tesla CEO Musk joined Twitter, and investors were worried about "can he manage so many companies?"
According to news on October 29, Tesla CEO Elon Musk (Elon Musk) has settled his $44 billion acquisition of social media Twitter, and analysts and investors are discussing the key question of whether Musk can manage so many companies.
Musk also runs brain chip startup Neuralink and tunnel digging company Boring. Mr Musk will become Twitter's interim chief executive after firing Twitter chief executive Parag Agarwal and other company executives, according to people familiar with the matter.
"he's doing his best," said Dennis Dick, a trader at Triple D Trading, the investment agency. "you must be worried that Tesla may not get as much attention as he used to, because Twitter will be a big project for Musk."
Tesla still faces great risks. The company's two large plants in Texas and Berlin, Germany, are trying to expand production and face increasing competition from established carmakers such as Ford and GM.
Since Musk proposed to buy Twitter in April, Tesla's stock has lost nearly 1/3 of its market value, more than double the decline of the s & p 500 over the same period.
Musk has said he wants to "beat" the spam robots on Twitter and reduce restrictions on users' content. But he did not say how the goal would be achieved, nor did he specify who would run the company.
Mike Ramsey (Mike Ramsey), vice president of automotive business at Gartner, a market research firm, also said that Tesla's leadership is not as clear as SpaceX, and company employees have to stand up and be responsible for operations.
How Musk changes Twitter may also affect Tesla's sales, whether the impact is positive or negative remains to be seen.
Market research firm CFRA Research analyst Garrett Nelson (Garrett Nelson) believes that, "the acquisition of Twitter may make some customers have scruples, but at the same time, we think it may provide opportunities for new customers."
Nelson and others believe that Musk can play a variety of roles while achieving Tesla's goals. "in our view, if anyone has the ability to do such a difficult move, it must be Musk," he said.
