>> CALLING ALL GLUTTONS FOR PUNISHMENT, ELON MUSK TWEETING THAT HE'S ACTIVELY SEARCHING
FOR A NEW TWITTER CEO, A POSITION HE IS REPEATEDLY SAID
WAS VIRTUALLY UNTIL-ABLE. THE STAR SEARCHES OF GREAT
CONCERN TO TESLA SHAREHOLDERS, ALARMED BY THE STOP SOMETHING
FALL FROM GRACE, DOWN 8% TUESDAY, AND 60% YEAR TO DATE.
THANKS IN PART TO TWITTER RELATED RISK.
CAN MASK TRULY FIND A REPLACEMENT WITH APOLOGIES TO
NEW KIDS ON THE BLOCK HERE, THE RIGHT STUFF?
PAUL LA MONICA JOINS US NOW, WHO ALWAYS HAS THE RIGHT STUFF, THE
DANGER IS THE NEXT CEO GETS THE STUFFING KNOCKED OUT OF THEM.
WHO MIGHT HAVE A? >> I CANNOT BELIEVE YOU JUST
WENT NEW KIDS ON THE BLOCK, MY TEENAGE SELF FROM THE LATE 80S
IS CRINGING RIGHT NOW, AS WELL AS MY NEARLY 50 YEAR OLD SELF.
BUT ANYWAYS, ELON MUSK, HE WANTS TO STOP RUNNING TWITTER,
BUT HE SEEMS TO NOT BE, YOU KNOW, NOT BE CERTAIN THAT HE
CAN FIND SOMEBODY THAT CAN DO THE JOB, AS HE TWEETED
YESTERDAY, I WILL RESIGN AS CEO AS SOON AS I FIND SOMEONE
FOOLISH ENOUGH TO TAKE THE JOB. AFTER THAT, I WILL JUST RUN THE
SOFTWARE AND SERVICE TEAMS. ONE, NOT REALLY A GREAT JOB
POSTING. HEY, COME TAKE THIS THANKLESS
STUPID JOB WHERE YOU WILL HAVE TO REPORT TO ME, THE MOST
PREEMPTIVE MICROMANAGER ON THE PLANET, AND IF HE'S RUNNING THE
SOVEREIGN SERVERS JAMES, WHAT IS LEFT FOR THE CEO TO DO?
THE ADVERTISING BUSINESS THAT MUSK IS TRYING TO DE-EMPHASIZE
AS THEY GO MORE WITH SUBSCRIPTIONS AND TWITTER BLUE?
I DON'T UNDERSTAND WHAT MUSK IS TRYING TO DO IT TWITTER.
TESLA AND VESTIGES STILL SEEMED CONCERNED, THE STOCK IS UP A
LITTLE BIT IN PRE MARKET TRADING, JULIA.
NOT THAT MUCH CONSIDERING THE 8% DECLINE IN MENTIONED
YESTERDAY AND THE GIGANTIC 60% DROP THIS YEAR.
THINK A LOT OF PEOPLE WOULD LOVE TO SEE MORE CONFIDENCE
FROM MUSK THAT HE IS GOING TO JUST RESUME RUNNING TESLA AND
SPACE X, AND EVERYTHING ELSE HE'S DOING, MAYBE JUST STOP
WITH THIS TWITTER. >> YEAH, HE CONFIDED IN
SOMEONE'S COMPETENT -- IT'S A POINT HE'S EMPHASIZED ON
A NUMBER OF OCCASIONS, IT IS GONNA TAKE SOME OF THIS GREAT
CONFIDENCE TO STEP FORWARD, SNOOP DOGG, BECAUSE HE DID PUT
A TWITTER POLL OUT HIMSELF SUGGESTING THAT HE WAS READY TO
TAKE THAT HOME. AND UNLIKE ELON MUSK, IT WAS A
BIG FAT YES AND RESPONSE. IT WASN'T AN INSIGNIFICANT
NUMBER OF PEOPLE. >> YES, OVER 3 MILLION I
BELIEVE VOTED IN THIS NEW POLL. AND AN OVERWHELMING MAJORITY,
81%, YOU KNOW, I WOULD LOVE TO SEE THE NAME CALVIN JUNIOR ON A
SWEET OFFICE AND WHAT SNOOP WOULD DO IT TWITTER.
HEY, IT CANNOT BE ANY STRANGER THAN WHAT MUSK IS DOING.
OBVIOUSLY, SNOOP DOGG IS JOKING, HE HAS A THRIVING MUSIC CAREER
THAT I THINK HE WANTS TO FOCUS ON.
BUT THERE ARE OTHER PEOPLE THAT, YOU KNOW, WALL STREET HAS BEEN
SPECULATING ABOUT, COULD CHERYL SANDBERG, NO LONGER A META BE
SOMEONE WHO COULD INSPIRE CONFIDENCE?
YOU HAVE DAVID SACHS, A MEMBER OF THE SO-CALLED PAYPAL MAFIA
WITH ELON MUSK, HE MIGHT BE SOMEBODY THAT, YOU KNOW, COULD
STEP IN AS WELL. I THINK THEY'RE DEFINITELY
INTRIGUING CANDIDATES, AGAIN, WHO WOULD WANT THE JOB THAT
ELON MUSK SEEMS TO BE DENIGRATING AT EVERY POSSIBLE
TURN AND AGAIN, YOU HAVE TO REPORT TO MUSK, WHICH LOOK AT
TESTA AND THE REVOLVING DOOR OF EXECUTIVES THAT HAVE LESS
THERE. IT'S JUST THAT HE MAY NOT BE
THE EASIEST BOSS TO WORK FOR. ESPECIALLY WHEN SHE SLEEPING AT
THE OFFICE AND PUTTING IN 20 58 DAYS, WHICH, OBVIOUSLY DON'T
EXIST. >> YES, PERHAPS BOTH REWARDING
AT TIMES AND ALSO EXHAUSTING. IN ALL SERIOUSNESS, WE DO HAVE
SOME FUN WITH THIS STORY, I KNOW IT'S NOT FUN FOR SOME OF
THE SHAREHOLDERS INVOLVED. I WILL MAKE THAT CLEAR.
BUT A FRIEND OF THE CHAIR, AND OF COURSE FACEBOOK, AS A MENTOR
TO MARKS A COBURG, WROTE AN OP-ED, AN OPINION PIECE IN TIME
MAGAZINE, AND IT RESONATED WITH ME, HE WROTE THAT AS MEDIA,
MAKING EXACTLY THE SAME MISTAKES THAT WE MADE WITH
DONALD TRUMP, AS WITH ELON MUSK NOW AND THAT WE'RE PROVIDING A
PLATFORM, WE'RE RAISING ATTENTION, WE'RE TALKING ABOUT
IT CONSTANTLY. WE'RE SORT OF PLAYING THE GAME.
HERE'S THE POINT ACTUALLY THAT ELON MUSK HIMSELF IS MAKING,
ENGAGING NOW, ENGAGEMENT ON TWITTER IS THAT RECORDS, THE
LEVEL OF VOLUME OF TWEETS BACK AND FORTH AND FLYING AROUND OR
RECORD HIGHS. PAULA, DO YOU THINK ROGER HAS A
POINT? >> I THINK ROGER DOES HAVE A
POINT. WHAT'S INTERESTING THOUGH IS
YOU DO HAVE TO WONDER HOW MUCH THIS DOES REALLY BENEFIT MUSK
AND TWITTER OTHER THAN MAYBE ELON'S INFLATED EGO, BECAUSE
LET'S BE HONEST, HE KEEPS TALKING ABOUT TWITTER BEING A
TERRIBLE COMPANY AND, YOU KNOW, FINANCIALLY, THAT THERE IS
BANKRUPTCY RISK, NOBODY WOULD WANT THE CEO JOB, SO, I'M NOT
SO SURE THAT ALL OF OUR FOCUS IN THE MEDIA ON TWITTER IS
HELPING TWITTER FINANCIALLY. I THINK ROGER MAKES A GREAT
POINT THAT, YES, IN THE SAME MANNER THAT MAYBE THE MEDIA
MADE MISTAKES BY GOING ALL IN ON THE FORMER PRESIDENT'S SOON
AS HE DESCENDED ON THAT ESCALATOR TO RUN FOR PRESIDENT
AND THEN ACTUALLY WHEN THE ELECTION IN 2016, IT'S POSSIBLE
THAT WE'RE PAYING TOO MUCH ATTENTION THAT ELON MUSK, THAT
BEING SAID, AND OUR DEFENSE, ELON MUSK RUNS SEVERAL
WELL-KNOWN COMPANIES AND HE IS THE SECOND RICHEST PERSON ON
THE PLANET. YOU CAN'T EXACTLY IGNORE HIM,
ESPECIALLY FOR FINANCIAL MEDIA. >> YEAH, HE HAS PROOF HE HAS
GREAT BRILLIANCE AND CERTAIN SPHERES.
THERE IS AN INNOVATOR AND A VISIONARY.
SO, FINGERS CROSSED TO TURN THIS AROUND FOR ALL THOSE USERS
THAT USE THIS PLATFORM. PAUL, GREAT TO TALK TO YOU.
SO HERE TO DISCUSS IS CHIEF BUSINESS CORRESPONDENT AND
"EARLY START" ANCHOR, CHRISTINE ROMANS.
EVERY DAY -- >> YOU COULDN'T PAY ME ENOUGH.
THAT MAY BE THE TRUEST THING, YOU COULD NOT PAY ME ENOUGH.
>> IT'S HIS PERSONAL COMPANY, TWITTER IS, AND HE HAS TO FIND
SOMEBODY WHO'S GOING TO RUN IT AND ESSENTIALLY WORK FOR HIM.
AND YOU'VE SEEN HIS ERRATIC BEHAVIOR, DECISIONS AND RE
REVERSALS OF DECISIONS AND JUST RIFFING ABOUT WHAT THE COMPANY
DOES AND WHAT HE WANTS TO DO WITH THE COMPANY.
THIS IS A NIGHTMARE FOR TESLA SHAREHOLDERS.
HE IS THE CEO OF TESLA AND TESLA IS A PUBLIC COMPANY THAT HAS THE
REAL INVESTORS, MOM AND POP INVESTORS ARE INVESTED IN TESLA,
THAT STOCK IS DOWN ALMOST 30, 40% SINCE HE TOOK OVER TWITTER.
AND IT'S DOWN MORE THAN 66% THIS YEAR.
ONE ANALYST, DAN IVES, CALLS THIS A PAINFUL SITUATION FOR
TESLA SHAREHOLDERS. HE SAYS THAT MUSK IS USING TESLA
AS HIS PERSONAL ATM, TO RAISE MONEY TO FUND WHAT'S HAPPENING
AT TWITPERPER SO YOU HAVE TWITTER WHICH IS A SMALL
PLATFORM, PRIVATE COMPANY GETTING ALL OF THIS ATTENTION
FROM ELON MUSK WHEN YOU HAVE A BIG PUBLIC COMPANY MAKING
ELECTRIC CARS THAT INVESTORS HAVE EXPOSURE TO THAT HE'S THE
CEO OF. THERE ARE BIG SHAREHOLDERS IN
TESLA WHO WANT ELON MUSK TO STAY FOCUSED ON TESLA, LET GO OF
TWITTER HIRE. >> THE NUMBERS ARE CRAZY.
TESLA STOCK LOST $565 BILLION IN MARKET VALUE SINCE PEAKING IN
2021, A YEAR AGO. >> THERE'S BEEN A RUN ON THESE
TECH STOCKS. TECH STOCKS ARE DOWN WORSE THAN
THE OVERALL MARKET. SO THERE'S ALSO THIS HIGH
INTEREST RATE ENVIRONMENT. AND TECH STOCKS HAVE BEEN OVER
VALUED. SO A COUPLE THINGS ARE GOING ON
THERE. BUT TESLA IS DOING WORSE THAN
THE OTHER TECH COMPANIES AND IT IS A TIME WHEN TESLA
SHAREHOLDERS, MANY THINK THAT ELON MUSK HAS GOT TO STOP THE
DISTRACTION WITH TWITTER AND GET FOCUSED BACK AGAIN ON WHAT HIS
CORE -- HIS CORE COMPANIES ARE. >> I JUST, LIKE I SAID, YOU
COULDN'T -- I DON'T UNDERSTAND THE STRATEGY YOU'RE CONSIDERING
THE MONEY DOES COME FROM TESLA, RIGHT?
>> RIGHT. >> YOU HAVE TWITTER AS YOU SAID
SUCKING ALL THE OXYGEN OUT OF THE ROOM.
>> YOU HAVE 180,000 PEOPLE JOINED SOMETHING CALLED
MASTEDON. 20,000 PEOPLE HAD BEEN INVITED
TO JOIN POST. 16,000 PEOPLE ACTIVATED.
SO YOU HAVE SMART PEOPLE ON TWITTER TALKING ABOUT WHERE ARE
WE GOING TO CONTINUE THIS CONVERSATION?
BECAUSE THIS NOISE HERE ON TWITTER IS NOT GOOD ANYMORE.
>> THAT'S THE POINT. PEOPLE SAYING TWITTER CAN'T GO
AWAY, IT'S TOO BIG TO FILL. >> THIS MASTEDON AND POST.
>> IS TWITTER TOO BIG? PEOPLE ARE LIKE WHY ARE YOU
TALKING ABOUT ELON MUSK AND TWITTER?
WHY ARE YOU TALKING ABOUT THIS? >> I'M SAYING THE SAME THING.
>> HE DOES ELECTRIC CARS. >> I'M THE TWITTER USER HERE AT
THE TABLE, I LOVE TWITTER AND THINK IT'S FUNCTIONAL.
>> WOULD YOU GO SOMEPLACE ELSE? >> DONIE IS TRYING TO GET ME TO
SIGN UP FOR MASTEDON. SO WE'LL SEE.
>> IT'S AN IMPORTANT NEWS AGGREGATE BUT ALSO IMPORTANT FOR
PEOPLE WHO LIVE IN PLACES WHERE THERE'S NOT A FREE MEDIA.
>> AGREE. >> IRAN AND SUCH.
>> IT'S A GAME CHANGER IN SOME OF THESE PLACES, YOU'RE RIGHT.
>> SOMEONE WILL PICK UP THE SLACK.
THERE ARE PLATFORMS PEOPLE CAN GO TO, MASTEDON.
BUT KAITLAN IT'S GOING TO BE TOUGH FOR HER TO GET OFF
TWITTER. >> I'M NOT PAYING 8 BUCKS A
MONTH FOR A BLUE CHECK. >> WOULD YOU BE MY FILTER?
>> YES, I'LL GIVE YOU A HEADS