Tesla may gain as Musk's Twitter distraction to ease
Reuters
23-05-12 12:42
Elon Musk's selection of a new CEO for Twitter may allow him to focus more on Tesla, which has been struggling with a drop in demand for its electric vehicles, according to analysts. Tesla's stock rose around 2% in pre-market trading after the announcement that a new CEO had been chosen. Ever since Musk bought Twitter, investors were concerned he could not give his full attention to the car manufacturer.