The fear Tesla Inc. investors had as soon as Elon Musk made his bid for Twitter Inc. has come to fruition: he’s taken on more than he should.
“I have too much work on my plate, that’s for sure,” Musk said Monday during an appearance at B20 Indonesia, a business conference running alongside this week’s Group of 20 summit in Bali. “I’m working the absolute most that I can work — morning to night, seven days a week.”
The newly installed Chief Twit beamed into the conference via video link, apparently from Twitter’s San Francisco headquarters. Musk tweeted hours later that he’d been in the building all night and would be working and sleeping there until the organization is fixed. “I have Tesla covered too,” he posted three minutes later, saying he’ll be with the carmaker part of this week.
Tesla shares fell as much as 4.9 per cent to US$186.34 shortly after the start of regular trading in New York. The stock has almost halved since Musk disclosed having taken a stake in Twitter in early April.
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