Tesla's shares held 'hostage' to Elon Musk and Twitter saga
The phrase “Twitter overhang” was inescapable among Elon Musk’s biggest fans on the social media platform he started pursuing seven months ago.
“Although Mr Musk spends significant time with Tesla and is highly active in our management, he does not devote his full time and attention to Tesla,” the company says in quarterly filings. According to CNBC, dozens of the more than 50 Tesla staffers dispatched to Twitter were uprooted from Tesla’s Autopilot team. That group is familiar with being under the gun, having been unable to realise their leader’s self-driving vision. Last week, it emerged that statements the company has made about its technology are being investigated by the US justice department and Securities and Exchange Commission .
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