Musk previously asked Twitter users if he should step down as CEO.
Principal owner of Twitter Elon Musk has said that he will leave the CEO position as soon as he finds a successor who, according to his own words, is stupid enough to take on the job. Musk tells about his decision on Twitter.
However, the billionaire does not intend to leave the company, but intends to move to lead the departments responsible for software and servers.
Musk responded on Twitter to his own previous tweet, in which he asked users of the instant messaging service if he should step down as CEO. 57.5 percent of those who responded to the survey were of the opinion that Musk should leave the position of CEO. The survey collected more than 17.5 million votes.
Later, Musk announced that only users who pay an eight-dollar monthly fee for a blue Verified User badge will have the right to vote in future Twitter polls.
Musk has recently attracted a lot of attention. On Sunday, he was photographed in Qatar, where he was watching the final match of the World Cup. He was seen shaking hands with, for example, the president of Turkey Recep Tayyip Erdogan and in addition, he watched the match of the former president of the United States Donald Trump’s son-in-law and adviser Jared Kushner with.
Before buying Twitter, Musk has become famous as the main owner of electric car maker Tesla.
Tesla’s stock price suffers
Musk’s dalliances with Twitter have begun to weigh on the electric car manufacturer’s stock market performance. On Tuesday, Tesla’s price dropped by eight percent and the price fell below the $140 threshold. This month alone, the rate has fallen by 26 percent.
Since the beginning of the year, two-thirds of Tesla’s price has already melted. A little over a year ago, it was reported that Tesla’s market value had crossed the trillion or thousand billion dollar mark.
At the time, the company’s value was greater than the combined market value of the world’s five largest car manufacturers, i.e. it was more valuable than Toyota Motor Corp, Volkswagen, Mercedes-Benz Group, Ford Motor and General Motors combined. The ratio has not changed significantly, as other car manufacturers have also been on the decline this year.
Behind the recent downturn is the concern that Musk has left Tesla in the lurch and the company’s reputation and product sales are suffering from his actions.