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End of Twitter CEO reign would be ‘major positive’ for Tesla, says Wedbush

Wedbush analyst Daniel Ives notes that in a surprise move, Elon Musk put a poll on Twitter asking if he should step down as head of Twitter and so far the results are overwhelming saying he should end his role as CEO of Twitter. Attention focused on Twitter instead of "golden child Tesla" has been another big issue for investors and likely is behind this poll results with many Musk loyalists wanting him to leave as CEO of Twitter, Ives contends. With the poll closing this morning, it appears Musk’s reign as CEO of Twitter will come to end and thus be a major positive for Tesla’s stock starting to slowly remove this albatross from the story, he adds. The analyst maintains an Outperform rating on Tesla, with a price target of $250, and ultimately views this as "a major step forward with Musk finally reading the room that has been growing frustration around this Twitter nightmare that grows worse by the day."

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