Elon Musk and the entrepreneur’s (mental) bandwidth.
The news that Elon Musk may be reconsidering his Twitter takeover bid, after shaking the world with the news, has more to do with the fear of shareholders of one of his flagship companies, Tesla, than with the number of fake accounts Twitter may have, which is the reason officially alleged by Musk.
Since Elon Musk formulated his offer and obtained the necessary financing for it, Tesla shares, used as collateral for the debt assumed for the acquisition, have fallen by almost 40%. In the context of a strongly bearish market, that 40% is more or less in tune with the decline of most technology companies. Let’s not forget that Tesla is essentially a technology company, belonging to a sector that has lost more than a trillion dollars in capitalization, over the last week.
In addition to the downturn in the market as a whole, Tesla shareholders are concerned that Musk may take his eye off things, now that he not only has to focus on managing SpaceX as well, along with smaller projects such as The Boring Company, Neuralink and OpenAI), but now Twitter, which he has made clear he intends to shake up.
Should Tesla shareholders be worried? There are more than a few cases where magnates have bitten off more than they can chew. However, Musk’s case seems different: by all accounts, this is somebody who needs a lot…
