Twitter votes for Elon Musk to step down after pressure from Tesla investors this has had a very positive effect for Tesla stock and could potentially see the price ramp back up to 300 before this year ends you're watching trade daily like And subscribe for more daily Tesla stock market news Elon Musk has put his role as head of Twitter up to a vote and the people have spoken you should step down as the leader of the social media platform he owns it comes after pressure from Tesla investors who feel abandoned as we


reported over the last few weeks Tesla investors have become more vocal about their dissatisfaction with their CEO Elon Musk spending a lot of time on Twitter and selling Tesla's shares to support the company on top of it many see him becoming more political through his own use and Leadership of Twitter and believe that the trend is affecting Tesla as many car buyers have difficulties separating Tesla and Musk Tesla investors have been calling from us to step down from the role of CEOs at Twitter and we're focused on Tesla but


musk has mostly ignored their pleas it reached a level where investors were starting to Now call for must to step down from his role as CEO of Tesla instead Leo koguan the third largest Tesla investor set the point of no return Elon has moved on permanently I think from Elon the engineer part excellent to Elon the Supreme political kingmaker based on this assumption only based on this assumption Elon should find his own successor approved by independent board of directors members of course board of


directors should set up an independent search committee to find a new CEO following a few more mistakes over the last few days like suspending journalists and banning sharing links to other social media both moves that were later at least partly reverted musk's own leadership of Twitter has come into question as well stuck between the two most took to Twitter yesterday with a poll to ask whether he should remain the head of Twitter yo says that he will abide by the result of the poll something he has done in the


past over other matters over 17 million people voted and is somewhat strong majority 57 percent voted in favor of him stepping down that's impressive considering musk has a block list preventing people he dislikes from seeing or voting in this poll and the poll went out to his own followers musk doesn't appear to have a clear successor to lead Twitter but be tweeted with Lex Friedman and AI engineer and podcaster about potentially taking over Tesla's stock was up by as much as five percent in pre-market trading following


news of the poll let's see what he means by stepping down here he still owns the company and it is private as far as we know there's no board in place getting more a clear structure to find a replacement therefore I don't think finding someone else to lead the day-to-day will resolve all the issues for Tesla shareholders but it would certainly free up more time for the CEO to spend on the company however the loss and credibility that he suffered through those Twitter Annex is likely to have a lasting impact on both


Tesla and Twitter as for the latter if musk truly wants it to be a platform for free speech that serves the center rather than the extremes of both political sides Twitter is probably better off with someone more analytical than himself Friedman could potentially be a good option in my opinion he does seem less political and more level-headed than musk either way I hope that this means I can soon stop reporting on this Twitter nonsense and focus on more fun stuff again what do you think let us know in the comments


section below in other news the new Tesla Gator Factory in Mexico may be for lower cost model to production with up to 10 billion dollar investment the initial 1 billion dollar Tesla investment in its newest keto Factory Santa clarina may be expanded to 10 billion dollars when the plan starts assembling a new cheaper to produce model there in a few years Elon Musk already met twice with local officials there and Tesla has reportedly acquired the Giga Mexico plots too Elon Musk may be gearing to announce a new Tesla


gigafactory location in Nouveau Leon soon reported bloomered and today a local publication confirmed the rumor fleshing it out a bit more not only is Tesla preparing to outage a factory with a location in monetary suburb of Santa Catarina a seven hour drive from Giga Texas but it also has big plans for the Mexican plants expansion going forward with an initial investment of up to one billion dollars the gator Factory in Mexico is meant to help with the production of components for the existing Tesla models that will be


assembled in Giga Texas at first but the Cyber truck or the semi later on however tip insiders privy to the negotiations the Mexican gigafactory investment may be expanded over 10 billion dollars and used for the production of a more affordable than the current model's Tesla car the investment including initial phases and future expansions would exceed 10 billion dollars it will consist in investment in the initial phase for various components for existing models and in future phases it would be a new


model the lower cost than the current ones that mysterious new car from Tesla could very well be the cheaper Mass Market model 2 which is slowly moving from a vaporware status to a stage of actual consideration in Tesla's future development plans back in the fall Tesla's chief of investor relations said that the automaker would have to develop an affordable model 2 in the span of its current Five-Year Plan and before the launch of its rumored robotaxi autonomous vehicle service later on during Tesla's last earnings


call Elon Musk reiterated that a cheap model 2 is coming and said that Tesla will be aiming to cut his production costs in half compared to the model 3. model 2 will be smaller to be clear he added but it is ultimately expected to sell in larger quantities than all of Tesla's other vehicles combined while it isn't clear whether having the manufacturing costs of the model 2 will result in launching it at half the price of a model 3 it will certainly become the entry-level Tesla car and the


preparations for its mass production might be what lies behind the newest Giga Mexico project there Tesla would be able to apply all the production efficiency lessons it learned while building or expanding its previous gate of factories coupled with the lower cost of Labor and proximity to the us as well as with any federal or state incentives Tesla could manage to achieve the economies of scale needed to arrive at a sub 30 000 retail price of the model 2. everything seems to indicate that the land for musk has already been acquired


what is not known as whether it was the state government itself or the businessman tip to local investment advisor while they add that the land purchases aren't going through real estate brokers but the entities are rather buying directly I had around 10 Tesla suppliers who have come looking for site options to settle here and formed another source Elon Musk was reportedly in nuvoleon twice this year to scour possible plant locations and the same publication managed to obtain pictures of Tesla's


CEO together with the state Governor's wife then as well as with the under Secretary of investment Emmanuel Liu a former Austin resident who was pegged to be the main catalyst of the Giga Mexico Factory project together with Marco Gonzalez the state Secretary of regional and Agricultural Development they have also been instrumental in creating the dedicated border crossing lanes for Tesla's part suppliers in Mexico which popped up over the summer these are key reasons why I can see the stock price ramping up to 300 by the end


of this year further proof that Tesla is about to have an amazing bull run as discussed in this video here thanks for watching this video and remember this is news entertainment not investment advice