The company has lost more than $800 billion in market value this year.
as to whether or not he should remain in charge of Twitter—and being rejected by the voters—Musk announced that he would step down as CEO of Twitter as soon as he found an adequate replacement. Progress on that front has not been announced.
Despite Musk’s virtual full-time devotion to managing Twitter at the expense of Tesla, both companies are suffering from his divided attention. Musk has made a series of executive content moderation decrees that have backfired spectacularly, including the arbitrary
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