Tesla up in pre-market after Elon Musk announces quitting Twitter management

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(AOF) – “I will resign as CEO (of Twitter) as soon as I find someone stupid enough to accept the job! After that, I will just lead the software and server teams.” This is what Elon Musk tweeted on December 21, after a poll launched by him on the network favored 60% of users in favor of his departure: in reaction, the title of Tesla gained nearly 2 % in pre-market on Wall Street. Tesla stock lost another more than 8% yesterday to close at $137.8, its lowest since September 2020, down 55.95% year on year.

While investor Ross Gerber estimated yesterday on Twitter that the value of the Tesla title now reflected “the fact of no longer having a CEO”, Musk replied by invoking macroeconomic factors: “Like the interest rate of accounts savings banks, which are collateralized, are starting to approach stock market returns, which are unsecured, people will increasingly move their money from stocks to cash, which will cause stocks to fall,” he said. he tweeted.

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