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Tesla's Elon Musk says he is 'thinking of quitting' his jobs

Published 12/10/2021, 12:28 AM
Updated 12/10/2021, 12:31 PM
© Reuters. FILE PHOTO: Tesla CEO Elon Musk gestures as he visits the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul/Pool via Reuters

(Reuters) - Tesla (NASDAQ:TSLA) Inc Chief Executive Officer Elon Musk is "thinking of" leaving his jobs and becoming an influencer, the world's richest man tweeted on Thursday.

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

It was not immediately clear if Musk, a prolific user of the social media platform, was being serious about quitting his roles.

Musk, who is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company, said during a conference call in January that he expects to be the CEO of Tesla for "several years."

"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."

Last month, he asked his followers on Twitter (NYSE:TWTR) whether he should sell 10% of his stake in the electric-car maker, to which the majority agreed. He has sold shares worth nearly $12 billion since.

The billionaire is known for his Twitter banter and lively interactions with followers which have in the past raised regulatory and corporate governance questions, lawyers have said.

Musk was fined $20 million by the U.S. Securities and Exchange Commission for tweets in 2018 and was required to step down as chairman.

Howard Fischer, a partner at law firm Moses & Singer, said he doubted Musk's latest tweets violated any rules because they were too vague.

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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."

Latest comments

Yeah right..! why not!Nevertheless you have your monkeyz keep pumpin your hyper bubble....
he already cashed out. he's about to get a #metoo slap.
FUD
fake article, he was joking clearly lol, what is this sad attempt by a short seller
Good!
Time to rest broyou deserve a break Also start thinking about taking 2 years vacation without a phone or laptop , nothing!.. just eat sleep watch lions in the safari n repeat!!
What a loose canon to have as CEO
Punching holes in most of the right places though
now harasmentclaims are popping up and he wanna stop working...lol
Youre small minded to believe that
We will have our EV bubble
Another sign by the way markets are going to crash, especially  all inflated stocks like Tesla
he will be the next president of the United States
Was he born in the US? It is a requirement.
Ineligible
Ahhh he got his 5 billion. It’s time to junk the hot air balloons before it crashes
No way, no how to justify tesla stock price, not even 50 years from now. Therefore he is thinking to jump the ship to save his money and reputation.
You are surrounded by very smart people.  Keep it that way and spend time with your loved ones.  Reflect what you have accomplished and continue to crush the World.  I enjoy your truths all the time and keep it going!
very good
very disappointing news. i voted yes when he asked about share sale. i think he works hard and should be rewarded. if he really thinks take cash and retire, all credibility loses.
No good to Tesla stock, but you might buy them back when it tanks.
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