Source: Natasha Anderson
The Tesla CEO’s latest filing came just hours after Twitter CEO Parag Agrawal announced Sunday night that Musk had declined his invitation to join the platform’s board board of directors. Agrawal said the board would still ‘remain open’ to Musk’s input, while also warning: ‘There will be distractions ahead but our goals and priorities remain unchanged.’
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Analysts allege that Agrawal’s statement coupled with Musk rejection of board membership – which eliminated the agreement that he would not own more than 14.9 percent on Twitter shares – suggests the billionaire may be seeking more control over the company.
‘While it remains unclear what Mr. Musk’s priorities are, we do expect his tweets will receive increased attention, which could drive share price volatility,’ KeyBanc analysts told CNBC Monday.