Tesla investors watched as Twitter voted for Elon Musk to step down as CEO of social...
Elon Musk, center, watches the 2022 FIFA World Cup final match between Argentina and France on Dec. 18 at Lusail Stadium in Qatar along with Jared Kushner, left.While the world waits to see whether Elon Musk will abide by the results of a Twitter poll that shows, industry observers expect his decision will affect his other businesses across Texas, including the Tesla Inc. headquarters near Austin.
In premarket trading Monday, Tesla’s shares rose 3.3 percent. But after its stock price opened at $154, up from its closing price of $150.23 on Friday, the price fell to a little above $146 before rising and falling again in the early afternoon to about where it started., the billionaire on Sunday asked his social media followers whether he should step down.. Musk has said he would abide by the result.
In total, Musk sold nearly $23 billion of Tesla stock since April, with much of the money likely going to help fund his acquisition of Twitter, according to regulatory filings.
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