Since musk announced his holding of twitter shares, his insistence on acquiring Twitter has made the share price of Tesla, his "stronghold", drop endlessly, which makes some Tesla "iron fans" feel frustrated. According to the previous article on Wall Street, Tesla's continuous decline mainly occurred after Musk's high-profile acquisition of twitter. Compared with Tesla's decline of more than 40% in more than a month, the S & P 500 index fell only 13% in the same period. This also makes musk feel pressure.
In addition, what worries Tesla "iron powder" is that in addition to Twitter and Tesla, musk also operates space X, a space exploration technology company, boring company, a tunnel company, and neuralink, a neuroscience start-up company dedicated to brain implantation technology.
In this regard, some fans worry that he may lose focus and no longer focus on operating Tesla. Gary black, managing partner of future fund LLC, a fund company, told musk:
Elon, Twitter is an unnecessary interference. Please only follow Tesla.
The fund company owns Tesla shares worth about $50million. It is worth mentioning that black himself is also Tesla's "iron powder". He believes that the acquisition of twitter will distract Musk's attention and may require musk to spend more time than expected.
Musk has tried to quell this anxiety among his supporters. He tweeted last week:
What needs to be clear is that I actually spend less than 5% of my time acquiring twitter, and Tesla has been in my mind for 7*24 hours.
Is Musk's acquisition of twitter worth it
According to the analysis of Wall Street, Musk's acquisition of twitter seems to be a story of "money and willfulness" of a hegemonic president, but in fact, musk has gained unparalleled attention for himself and Tesla on twitter. In this process, Tesla doesn't have to pay any advertising fees at all. As musk wrote on twitter in 2019:
Tesla does not advertise or pay for endorsements. On the contrary, we will use this money to make our products better.
Therefore, the importance of Twitter to musk is self-evident. However, due to Twitter's increasingly stringent speech censorship mechanism, Musk's insistence on the acquisition is actually to firmly control the "key" of the public opinion field in his own hands.