Billionaire Elon Musk Tweets Thoughts Of Quitting His Jobs

Tesla chief executive officer Elon Musk is known to be very active on tweeter and even making important announcements on social media.

This time Musk tweeted that he is “thinking of” quitting all of his jobs and becoming an influencer.

Musk is the richest man in the world.

“Thinking of quitting my jobs & becoming an influencer full-time wdyt,” Musk said in the tweet, without elaborating any further.

Analysts and experts were however not certain about whether Musk was serious about his tweet on quitting his jobs.

In January during a conference call, Musk had said that he was expecting to remain the CEO of Tesla for a number of years. Apart from Tesla, Musk is also the founder and CEO of the rocket company SpaceX, and also is the chief of the brain-chip startup Neuralink and infrastructure firm The Boring Company.

“It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days a week. Pretty intense.” Musk said.

Musk approached his followers on Twitter last month and sought their advice on whether he should sell off his 10 per cent stake in the electric car company Tesla. The majority of his followers advised him to sell of the stocks. Following that Musk sold shares worth almost $12 billion.

According to attorneys, the billionaire’s Twitter banter and vibrant exchanges with followers have sparked regulatory concerns and questions of his corporate governance skills the past.

The US Securities and Exchange Commission slapped a fine of $20 million in 2018 on Musk for his tweets about taking the electric car maker private. The regulator also forced him to resign as chairman of the company.

Since Musk’s new tweets were so unclear, Howard Fischer, a partner at legal firm Moses & Singer, believed the tweets had not broken any rules and restrictions.

He added: “I think that Musk’s social media comments are subject to a substantial discount, as it were, by the market, as compared to other executives.”

(Adapted from Nasdaq.com)

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