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Tesla CEO and Twitter CEO, Musk must step down?

On Monday, Tesla’s stock price closed down 0.24% to $149.87. Although it did not fall much, after the news that 57.5% of netizens agreed that Musk stepped down as CEO of Twitter, the stock rose nearly 5% before the market. The close of $149.87 was already below levels last seen on Oct. 15, 2020, the first time it fell below $150 in more than two years.
Tesla CEO and Twitter CEO, Musk must step down?
During the session, some analysts downgraded Tesla's stock rating on the grounds that they were still worried that Musk's role as Twitter CEO would delay Tesla's operations.
Last week, under the influence of news that Tesla’s third largest individual shareholder called on Tesla to find someone to replace Musk, and Musk once again sold nearly $3.6 billion in Tesla shares, Tesla’s stock price fell 16% in a week , the degree of slump reached a new level.
The ex-Facebook executive warned that if Tesla's stock price continues to fall, Musk may lose control of Tesla, and activist investors may start buying Tesla's stock and even try to wrest the company's shares from Musk. Control.
Meanwhile, Wedbush Securities analyst Dan Ives wrote in a separate note on Monday: "Time to end Twitter CEO nightmare," citing Musk's tweet late Sunday. A poll asking users whether he should resign as CEO of Twitter.
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