Elon Musk announced on Saturday that he would return to a 24-hour work schedule at Tesla and other companies following a major outage that affected thousands of users worldwide on the social media platform X.
Focus on Critical Technologies
Musk emphasized the need to concentrate on his companies due to the rollout of critical technologies. This decision came in the wake of the global outage that impacted users.
Commitment to Tesla
In May, Musk indicated that he would step down as CEO of Tesla within five years but remains dedicated to leading the company until that time. His role at Tesla has seen various changes over the years.
Political Involvement
During an interview with CNN’s Poppy Harlow at the Qatar Economic Forum last week, Musk reiterated his intention to limit his involvement in U.S. politics, stating he would only serve as president if elected.
Work Ethic
Musk is known for his intense work ethic, claiming to work around 100 hours per week. He also owns Twitter, now rebranded as X Corp., which he acquired last year for $44 billion.
Market Response
Following Musk’s announcement, Tesla shares rose approximately 2% in premarket trading on Monday morning, while X Corp shares increased by about 1%.
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