As the dust settles on Elon Musk’s $44 billion buyout of Twitter, analysts and investors are debating one crucial question – has the billionaire entrepreneur behind Tesla and SpaceX bitten off more than he can chew?
Musk, who also runs brain-chip startup Neuralink and tunneling firm the Boring company, is expected to become interim chief of Twitter, according to a person familiar with the matter, after he fired CEO Parag Agarwal and other top company officials.
“He is stretching himself thin,” said Dennis Dick, retail trader at Triple D Trading.
“You have to be concerned that maybe we’re not going to get as much attention on Tesla as we were (getting) in the past because Twitter’s going to be a big project for him.”
Stakes are high for Tesla, which is scaling up production at two mega factories in Texas and Germany and faces rising competition from legacy automakers such as Ford Motors (F.N) and General Motors Co (GM.N).