SAN FRANCISCO -- Elon Musk's move to buy Twitter for $44 billion has raised concerns about the depth of executive talent at his more valuable company, EV maker Tesla, in case his attention is further divided by the social media platform.
In announcing the deal on Monday, Musk called Twitter the world's "digital town square" and talked about protecting free speech, but he also rekindled fears that a man who once acknowledged sleeping on the factory floor during the launch of the Model 3 sedan and last year talked of working "crazy hours" only has so much energy to spare.
"Tesla feels very much like a startup despite it being a trillion dollar company," said Tesla investor Ross Gerber, CEO of wealth management firm Gerber Kawasaki. "It's as big or bigger than the biggest companies in the world, but it doesn't have the management infrastructure like other companies."
On top of that, Tesla is racing to boost production at new plants in Texas and Berlin amid supply-chain snarls and higher raw materials costs, as well as get work at its biggest factory in Shanghai back on track during a spike in COVID-19 cases there. Musk said in January Tesla had too much on its plate and would not introduce new models like Cybertruck this year.