Shulou(Shulou.com)11/24 Report--

According to news in the morning of November 16, Beijing time, Elon Elon Musk reportedly worked overtime and slept in Tesla's factories in California and Nevada in 2018. At that time, Tesla was trying to increase the production of Model 3.

On Monday, local time, Musk said he worked overnight at Twitter's San Francisco headquarters. He will "sleep in the company" until the social media platform's problems are fixed. He recently completed his acquisition of Twitter for $44 billion.

Musk calls himself a "detail manager" and likes to work long hours in times of crisis. This is also a well-known part of his personal brand. However, Mr Musk's deep involvement in Twitter has some Tesla investors worried about his ability to focus on the work of Tesla's chief executive. Tesla is already the world's largest automaker by market capitalization.

"Tesla's investors will be frustrated," said Gene Munster, managing partner of Loup Ventures, a venture capital firm. "the length of time he spent on Twitter made Tesla's investors uncomfortable."

"I care about Tesla, too," Musk said in a Twitter post on Monday. He plans to work part of the week in Tesla. Tesla has an office in Palo Alto, California and a factory in Fremont, California.

Tesla's share price has fallen 50 per cent since he disclosed his stake in Twitter in early April. During the same period, Musk sold a total of $20 billion of Tesla shares, which put more pressure on him.

Tesla is facing a growing number of challenges, including market demand issues and an investigation by US regulators into Autopilot driving assistance technology.

According to statistics, Musk has posted more than 2 Twitter posts so far this month about promoting Twitter recovery. From November 1 to 15, posts related to Tesla accounted for only 3% of them, significantly lower than the average of the previous eight months, that is, nearly 16%.

Munster said he expected Twitter to attract more attention from Musk in the next six to 12 months. At the same time, Tesla has become a more mature company, with less direct dependence on Musk.

In recent days, Mr Musk has said that his workload has increased significantly since the acquisition of Twitter. "I have too much work to do," he said on Monday at a business conference in Indonesia via video. " He works "from morning till night seven days a week".

"once Twitter is on the right path, I think it will be easier to manage than SpaceX or Tesla," Mr Musk said at the Barron investment conference earlier this month. "

Tesla's investor, Ross Gerber (Ross Gerber), is a staunch supporter of Musk. He said on Tuesday that Tesla needed to find a deputy for Musk. "I think he has finally reached the place where he needs to really challenge himself. They need to find the right person. Frankly, they don't have such a person yet."

Tesla's board of directors had already expressed concern about how Musk spent time managing SpaceX and several other smaller companies. In a lawsuit related to Mr Musk's pay package, Robyn Denholm, Tesla's chairman, said in an email in 2018 that Mr Musk was "becoming increasingly problematic" only with the "minimum amount of time" invested by Tesla, according to court documents. One shareholder of Tesla alleges that the board approved his $56 billion compensation package without asking Mr Musk for full-time investment.

Another board member, Ella Ellenpris (Ira Ehrenpreis), pointed out at the trial that Musk's pay was based on his performance, not on the time spent. Musk reiterated this point in his testimony in 2021. Mr Musk mentioned his colleagues in response to questions about "key person risk" at Tesla's annual shareholders' meeting in August. "We have a very talented team," he said. So I think Tesla can continue to do well even if I am kidnapped by aliens or return to my home planet. "

Mr Musk is expected to appear in court on Wednesday local time to testify about whether his $56 billion salary package for Tesla is reasonable. He did not respond to investor concerns.

Mr Musk has previously proved that the sceptics are wrong. Some early investors said they expected Mr Musk to be ready for the Twitter challenge. Tim Draper, a billionaire investor, said: "when you meet an entrepreneur who does everything himself, we should kiss his feet. This guy is amazing."

However, others have lost patience. Wedbush analyst Daniel Ives (Daniel Ives) has been bullish on Tesla for a long time. "Musk successfully achieved the goal that the bear market failed to achieve for many years, depressing Tesla's share price," he said in a research report last week. "

Ives believes that Twitter has led to Musk's "distraction" and a "financial black hole". "Twitter's circus performance is gradually affecting Tesla's pure electric car brand."

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