Tesla stock fell 6.2% on Thursday morning, breaking a three-day winning streak. The decline came as Elon Musk confirmed he will serve as CEO of Twitter after completing his buyout, raising concerns about divided attention. Separately, Bloomberg reported that Musk has brought in 19 outside investors, including Larry Ellison and Sequoia Capital, to provide $7.1 billion of the $44 billion purchase price. The author argues this reduces Musk’s personal financial risk by lessening his reliance on Tesla stock sales and pledged shares, which could ultimately benefit Tesla shareholders.
Tesla IncElon Musk confirmed he will serve as CEO of Twitter after buyout, raising concerns about divided attention.