Good news, Tesla investors!
In a tweet today, Elon Musk shared that Twitter – well, its new parent company X Corp.(opens in a new tab) that is – has hired a new CEO who will start within 6 weeks.
“Excited to announce that I’ve hired a new CEO for X/Twitter,” Musk tweeted on Thursday. “She will be starting in ~6 weeks!”
Now, remember, this is Elon Musk. Six weeks could come and go and he could very well still be Twitter’s CEO. But, let’s go with the scenario that he has indeed hired a new CEO and take his announcement from there.
Musk did not reveal who the CEO is. However, based on the pronoun(opens in a new tab) that Musk used in his tweet, it does appear that Twitter’s owner has hired a woman for the role.
Who that could be is anyone’s guess! Maybe he poached crypto evangelist Cathie Wood from her CEO role at the investment firm Ark Invest. Musk recently called her “awesome(opens in a new tab)” on Twitter. Or perhaps he hired Islamophobic conspiracy theorist and far right wing activist, Laura Loomer, whom he recently interacted(opens in a new tab) with on Twitter. Heck, it could even be his musician ex-girlfriend Grimes!
What does matter, at least to Tesla investors, is that he’s found someone. Musk’s EV car manufacturer hasn’t been doing too well on the stock market ever since Tesla CEO Musk also became Twitter CEO Musk. Some Tesla investors argued Musk was derelict in his role at the car company.
Tesla stock was trading at around $228 when Musk officially acquired Twitter. It fell as low as $101 earlier this year. It’s hovered around the $160 range over the past few weeks. When Musk tweeted out the news on Twitter, the price quickly spiked to more than $172.
Musk’s announcement(opens in a new tab) comes almost five months after his Twitter poll asking the platform’s users if he should step down as CEO of the company. More than 17.5 million users voted in and 57.5 percent said he should step down. Musk tried to deflect on commenting on the poll over the past few months, even going so far as claiming(opens in a new tab) he did abide by the results by appointing his dog Floki as CEO.
As for Musk’s future with Twitter, he claims he’s staying on as Executive Chair and CTO, the latter of which he mentioned(opens in a new tab) doing back in December right after his Twitter poll ended.
“My role will transition to being exec chair & CTO, overseeing product, software & sysops,” he said in his tweet today.
But let’s be honest here. It’s still Musk’s Twitter. Not only is he staying on, he’s also its owner! And Twitter is now a private company controlled by Musk. So, he’ll still be calling the shots regardless of who the new CEO is.