Elon Asks Twitter If He Ought to Resign. Survey Says: ‘Sure’

The billionaire additionally implied that taking on Twitter had induced him a number of ache. In response to a remark from Lex Fridman, a researcher at MIT and podcast host, asking Musk to let him run Twitter, the billionaire mentioned there was one catch.

“It’s essential to like ache quite a bit. One catch: you must make investments your life financial savings in Twitter and it has been within the quick lane to chapter since Could. Nonetheless need the job?” Musk said.

Musk’s ballot comes amid rising discontent from traders in Tesla, which had its worst week since March of 2020. Tesla’s inventory has misplaced greater than 60% of its worth this 12 months. Many of the losses for Tesla traders started after Musk made a proposal to purchase Twitter in April, based on Yahoo, earlier than attempting all the pieces in his energy to again out.

Final week, main Tesla shareholder Leo KoGuan, a self-proclaimed “Elon fanboy,” slammed Musk for abandoning the electrical automotive firm.

“Elon deserted Tesla and Tesla has no working CEO,” KoGuan tweeted. “Tesla wants and deserves to have working full time CEO.”

Theoretically, Musk’s ballot might give him a technique to justify placing Twitter apart to spend extra time at Tesla, which accounts for almost all of his wealth. Musk has offered practically $40 billion price of Tesla inventory during the last 12 months.

Whether or not he’ll need to step down is one other query.

“Because the saying goes, watch out what you want, as you would possibly get it,” Musk tweeted on Sunday night.

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