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Elon Musk He indicated that his participation on Twitter “in no way” affects electric vehicle company Tesla.
In a telephone conversation with investors, the CEO Twitter D Tesla about this influence, which was already condemned by the shareholders and which led to a drop in the value of the car company.
“I think Twitter is actually an incredibly powerful tool for stimulating demand for Tesla”, It is said.
“I’m Popular”
The billionaire’s tweets have been a key element in the growth of his companies, and he even sued them. Elon Musk is involved in a lawsuit accusing him of defrauding investors after a 2018 tweet saying he was considering going private. Tesla.
“The last thing serious investors want is to see their CEO as a witness. The worst damage has already been done, but there will likely be little room for error or sentiment roulette for some time to come,” said Sophie Lund-Yates. , chief equity analyst at Hargreaves Lansdown.
The mogul warned that his 127 million social media followers “suggest he’s pretty popular.”
“I really encourage companies of all kinds, automotive or otherwise, to use more Twitter and use their accounts Twitter in ways that are interesting, informative, entertaining and help them increase their sales, as I did with Tesla”, he told investors.
Stock growth
share price Tesla fell nearly two-thirds by 2022 amid fears the company is losing its competitive edge as Musk has become increasingly involved in the purchase Twitter.
In his address to investors Tesla announced that sales for the last quarter of 2022 were up 37% to $24.3 billion from the same period a year earlier.
Profit increased by 59% to $3.7 billion.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.