Fears that Elon Musk is too preoccupied with his new the social network Twitter, and, as a result, pays less and less attention to Tesla, despite the fact that competition in the electric-car market is only intensifying, have caused Tesla stock to fall more sharply than usual recently.
Reuters reported this based on a statement made by Tesla board member James Murdoch. Musk reportedly selected his potential successor “months ago,” according to Murdoch. Unfortunately, the company’s likely new CEO’s identity has not yet been made public.
Currently, the value of one Tesla security is around $187, which is a two-year low. Due to the decline in Tesla stock this year, Musk has already lost $70 billion.
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