Musk says “Tesla is on my mind 24/7” as he worries about being distracted by Twitter.


Tesla CEO Elon Musk said Thursday that “Tesla is on my mind 24/7,” trying to allay concerns from investors who believe he is distracted by a Twitter affair that has depressed shares of the electric car company.

By posting a picture https://twitter.com/elonmusk/status/1527418023069503511?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet Showing a woman (Tesla) who is upset with her boyfriend (Elon) checking out another woman (Twitter), he said: “It may sound below, but it’s not.”

“To be clear, I spend <5% (but actually) of my time acquiring Twitter. It ain't rocket science!" he tweeted.

“Yesterday was Giga Texas, today is Starbase. Tesla is on my mind 24/7.”

Tesla opened its new car factory in Texas this year, and SpaceX, Musk’s rocket company, has a launch site called Starbase Boca Chica, Texas.

Tesla shares have lost a third of their value since the billionaire revealed his Twitter stake in early April and sold $8.5 billion worth of Tesla shares in a bid to help fund his deal $44 billion with Twitter.

China’s lockdown measures that have curbed Tesla production and Tesla’s exclusion from a widely tracked S&P sustainability index also hurt stocks.

Wedbush analyst Daniel Ives cut Tesla’s price target on Thursday due to the disruption of production in China and warned of “distraction risks” from Musk’s Twitter deal.

Leo KoGuan, a major individual investor in Tesla, on Thursday called the electric car maker to buy back shares.

“Tesla must immediately announce and repurchase $5 billion of Tesla stock from its free cash flow this year and $10 billion from its free cash flow next year, without affecting its existing cash reserves of 18 billions with ZERO debt,” KoGuan said in a Twitter post to Tesla’s head of investor relations Martin Viecha.

Viecha was not immediately available for comment.

Last year, KoGuan, Tesla’s third-largest individual shareholder, said he was investing billions in Tesla because he believed in Musk’s “great mission which I share”. In March, he said he was buying more Tesla shares and not selling them during the stock decline.





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