Elon Musk Is Shifting Focus Back To Tesla

May 13,  2023

By: Jai Pratap

Tech billionaire Elon Musk announced that he has hired a new Twitter CEO yesterday.

Elon Musk onboarded former NBCU executive Linda Yaccarino as Twitter CEO

Elon Musk tweeted earlier that hiring Linda will allow him to devote more time to Tesla.

When Musk bought Twitter, Tesla’s shares went down by a lot as investors worried he won’t be able to focus on his electric vehicle company.

Tesla shares went up nearly 3% after Elon Musk announced the new Twitter CEO.

However, Tesla’s shares are down 2% in the pre-market.

During his term as Twitter CEO, Elon Musk lost his position as the world’s richest personality.