Elon Musk Twitter poll ends with users seeking his departure
Millions of Twitter users asked Elon Musk to step down as the head of Twitter in a poll the billionaire created and promised to abide by. But Monday afternoon there was no word on whether Musk would step aside or who the new leader might be.
Twitter has grown more chaotic and confusing under Musk's leadership with rapidly vacillating policies that are issued, then withdrawn or changed.
Among those in the “go” camp almost certainly were Tesla investors who have grown tired of the 24/7 Twitter chaos which they say has distracted the eccentric CEO from the electric car company, his main source of wealth.
Musk also used his shares in the company to partially fund the acquisition of Twitter.
Shares of Tesla are down 35% since Musk took over Twitter on Oct. 27, costing investors billions. Tesla's market value was over $1.1 trillion on April 1, the last trading day before Musk disclosed he was buying up Twitter shares. The company has since lost 58% of its value, at a time when rival auto makers are cutting in on Tesla's dominant share of electric vehicle sales.
“This has been a black eye moment for Musk and been a major overhang on Tesla’s stock, which continues to suffer in a brutal way since the Twitter soap opera began,” Wedbush analyst Dan Ives wrote Monday.
If Musk’s tenure ends, it would be a major positive for Tesla stock and a sign that Musk is "finally reading the room that has been growing frustration around this Twitter nightmare.”
The billionaire Tesla CEO Musk attended the World Cup final Sunday in Qatar, where he opened the poll. Since the poll closed early Monday, Musk has been uncharacteristically silent on Twitter as he appeared to be flying back to the U.S.
More than half of the 17.5 million respondents voted “yes" in answer to Musk's Twitter poll asking...