Elon Musk Seeks New Twitter CEO, But AI, Not Tesla, May Be His Next Focus
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The Street
The Street
By Martin Baccardax Tesla (TSLA) – Get Free Report shares moved higher Friday after Elon Musk said late Thursday that he will step aside from his role as CEO of Twitter later next month, but investors looking for a sharper focus from the billionaire entrepreneur could be disappointed. Musk, who paid $44 billion for Twitter in October last year, has long maintained he would relinquish control of the social media connection when he found someone “foolish enough” to replace him as CEO. But with Tesla facing myriad challenges with respect to increased competition, fading consumer demand, supply chain…