Tesla stock surges after poll suggests Elon Musk should leave Twitter

Tesla Shares soared in anticipation of Elon Musk’s departure from Twitter.

Tesla shares were up 5.3% before the start of regular trading on Monday. Since Musk revealed he had acquired his Twitter stake in early April, the stock has plunged 58%, trailing his 15% decline in the S&P 500 index.

Musk, 51, tweeted on Sunday that he would follow the results of a poll asking whether he should step down as Twitter’s head. Users voted him over 17.5 million votes, with 57.5% in favor of relinquishing his role.

The Tesla CEO has previously taken tips from Twitter users on decisions ranging from whether he should cut his stake in the car company to whether he should reinstate former President Donald Trump’s account. I came. While Musk’s decision after these polls was a relatively simple one, it’s less clear what he’ll do next on Twitter. Musk tweeted that it would be difficult to find a next CEO, writing that the company was “in the fast lane to bankruptcy since May.”

“Nobody wants a job that can actually keep Twitter alive,” he said in another post.

Tesla closed at a two-year low last week, putting Musk at the top of the Bloomberg Billionaires Index. The company’s CEO is smitten on his Twitter account as the automaker cuts prices and production in China to encourage customers to deliver cars in the United States.

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