(CercleFinance.com) – With a gain of around 2%, Tesla stock posted the largest rise in the S&P 500 index on Friday following press reports evoking the possible appointment of Linda Yaccarino, a senior executive at NBCUniversal, at the head of Twitter in replacement of Elon Musk.
The latter had announced yesterday in a tweet his intention to leave the general management of Twitter within six weeks to make way for a new general manager.
At Twitter, Elon Musk plans to assume the roles of executive chairman of the board and chief technology officer, in charge of products and operational systems.
The billionaire was alone at the controls of the micro-blogging site since the finalization of the acquisition of the platform, last October, for an amount of 44 billion dollars.
Brokerage firm Wedbush Securities welcomed Musk’s move, saying it avoided a “risk of distraction” that would have ended up hurting Tesla.
“We believe Musk’s decision to leave Twitter management earlier than expected, knowing that he originally planned to leave before the end of the year, is a positive development for Tesla,” said analyst Dan Ives. star.
‘Regarding Tesla, like SpaceX, Musk will have to devote more time to these two nuggets rather than to Twitter’, he continues.
From Wedbush’s perspective, Linda Yaccarino, who is now the director of publicity and partnerships at NBCUniversal, is the right leader to reinvigorate Twitter.
“Yaccarino has been with NBCU for over a decade, where she has become a key figure in implementing effective advertising strategies and is a respected industry executive,” Wedbush said.
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