Elon Musk on Sunday evening on Twitter to send up a poll: “Should I step down as CEO of Twitter?” Soon, the poll became the hottest topic in the United States. The poll is now closed, with 57.5 percent voting yes and 42.5 percent voting no. More than 17.5 million people have voted. More than 17.5 million people voted.
Elon Musk said Sunday that he would abide by the results of the vote. But he did not elaborate on when he would step down if the vote was in favor of him stepping down.
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Two months after Elon Musk bought Twitter for $44 billion and became its CEO himself, he took over the company and began a sweeping overhaul that has seen thousands of people fired.
Shares of Elon Musk-led electric car maker Tesla Inc. rose about 5 percent in pre-market trading.
Elon Musk, who lost his title as the world’s richest man earlier this month, also founded the tunneling venture Boring Company, backed medical device company Neuralink and led rocket company SpaceX.
Tesla investors have been worried that Elon Musk has overworked himself after the Twitter deal.
Tesla’s stock has lost nearly 60 percent of its value this year as, like other automakers, it struggles with supply chain issues and growing competition in the electric car space.
“It looks like Elon Musk’s reign as Twitter’s CEO will come to an end, thus being a major positive for Tesla’s stock,” Wedbush analyst Dan Ives said in a note.
Tesla is ranked as one of the world’s top automakers, delivering roughly 1 million cars a year. But recent logistical challenges, an epidemic-related embargo, higher borrowing costs and a bleak outlook for global economic growth have raised concerns.
Last month, Elon Musk told a Delaware court that he would reduce his time at Twitter and eventually find a new leader to run the social media company.
“No successor yet,”Elon Musk said Sunday in response to a Twitter user’s comment about a possible CEO change.
The vote follows Twitter’s policy update Sunday that bans accounts created solely for the purpose of promoting other social media companies, as well as content that contains links or usernames to rival platforms.
