Elon Musk stepping down from Twitter would be bullish for Tesla, according to Loup's Gene Munster
Elon Musk stepping down as Twitter's CEO would boost Tesla stock, as investors want Musk to focus more on the electric-vehicle maker, according to Loup's Gene Munster.
"It's a positive for Tesla, because despite all of Elon's flaws, investors just want him to be more involved with Tesla. He just has this magnetic personality – debatable – but Tesla investors believe that. So having more of his time apply to Tesla helps with the multiple around Tesla,"Musk distancing himself from Twitter could be bullish for Tesla, Munster said, as the company has struggled this year while Musk devoted more of his attention to Twitter.
Since Musk has taken control over Twitter, he began an ambitious revamp of the social-media company's operations, which included
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