In announcing the deal on Monday, Musk called Twitter the world's "digital town square" and talked about protecting free speech, but he also rekindled fears that a man who once acknowledged sleeping on the factory floor during the launch of the Model 3 sedan and last year talked of working "crazy hours" only has so much energy to spare.
Tesla has managed to outrace its problems, but a heavier pull of his focus by Twitter worries investors. "I fear this is going to be a distraction," said one fund manager with a significant position in Tesla who asked not to be identified. "He's juggling supply chains and factory delays and the expansion of the energy storage business and this doesn't fit at all."Tesla could not be reached for comment, but one insider at the company who asked not to be identified said investor concerns were "overdone" and Musk was still heavily engaged at the automaker.
Musk also leads rocket company SpaceX, as well as brain-chip startup Neuralink and tunneling venture the Boring Company.Tesla has seen executive turnover before with the departure of co-founder JB Straubel in 2019 and president Jerome Guillen last year. Tesla, founded in 2003, has grown into the most valuable automaker but there are only two executives listed along with Musk in its leadership team on the company website, compared with 17 at General Motors
Source: News Formal (newsformal.com)
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