Hyperdrive
Tesla Drops on Concern Twitter Would Divide Musk’s Attention
- Musk should focus on growing competition in EVs, analyst says
- Billionaire handles almost all decisions at his companies
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Tesla Inc. shares slipped as investors absorbed the prospect of a new distraction for Chief Executive Officer Elon Musk.
Musk’s unsolicited $43 billion takeover bid to take Twitter Inc. private is the first time he has attempted to buy a fully formed company of that size. His previous enterprises, which also include SpaceX and the Boring Co., have largely been built from the ground up in his image.