Around 57.5% of the votes were in favor of “yes”, while 42.5% were against the idea of Musk resigning from his position at the helm of Twitter, according to a poll released by the billionaire on Sunday night. . More than 17.5 million people participated in the vote.
Should I step down as head of Twitter? I will abide by the results of this poll.
— Elon Musk (@elonmusk)
December 18, 2022
Musk said on Sunday he would abide by the poll results, but gave no details on when he would resign. if the results said it should.
Shares of Tesla Inc TSLA.O, the electric car maker Musk runs, were up about 5% in premarket trading.
Musk, who lost his title as the world’s richest person earlier this month, also founded the Boring Company, an excavation company, backs the Neuralink medical device company and runs the SpaceX rocket company.
Tesla investors worry that Musk is getting too busy following the Twitter deal.
Tesla’s shares have already lost nearly 60% of their value this year as it battles, like other automakers, supply chain woes and growing competition in the electric vehicle space.
“It looks as though Musk’s reign as CEO of Twitter will come to an end and thus be positive for Tesla stock,” Dan Ives, an analyst at Wedbush, said in a note. “Musk is Tesla and Tesla is Musk.”
