Elon Musk reportedly becomes the first person to lose $200 billion
Many attribute Tesla's dismal year to Musk's overtaking of Twitter in late October, with many arguing that he has become too distracted with the social media company.
Tesla CEO Elon Musk called for more drilling and fossil fuel resources on Monday, August 29, 2022, warning humanity could be 'in trouble' if exploration is curtailed. Musk completed the $44 billion acquisition after a lengthy legal battle and has since worked to expose malpractices inA sign at Twitter headquarters is shown in San Francisco, Thursday, Dec. 8, 2022.
"He needs to name a formal CEO of Twitter in the next month," Dan Ives, Wedbush managing director, said on Fox Business.Musk has already said he will name a new CEO for the social media platform after posting a Twitter poll asking users whether he should step down as the head of the company.