Elon Musk Juggling Multiple Ventures Is A Threat For Tesla: 'Hard To Focus On Any One,' Says Expert

In the wake of Tesla’s second-quarter earnings call, concerns are rising among experts over CEO Elon Musk‘s multiple ventures and their potential impact on Tesla Inc. TSLA, CNBC reports.

Randall S. Peterson, a professor at the London Business School, warns that Musk’s multiple ventures could create risks for Tesla.

“It’s hard to focus on and excel at any one thing when you run multiple companies,” Peterson said.

“That’s a risk around the CEO himself.”

See Also: Cathie Wood's Ark Invest Piles Taiwan Semiconductor Shares, Sells Stock Of This Tesla Rival

Concerns Over Governance: Questions about Musk’s multiple roles have also been raised by Sen. Elizabeth Warren, who recently urged the Securities and Exchange Commission (S.E.C.) to investigate Musk’s ties to Twitter and related corporate governance issues.

Musk is currently the CEO of Tesla, SpaceX, and holding the roles of shareholder, CTO and executive chair for Twitter. The multiple roles are raising concerns about his ability to focus on each company effectively.

Multiple Ventures, Multiple Risks: During the earnings call, Truist analyst William Stein questioned Musk about his new AI startup, xAI, and its potential overlap with Tesla.

Musk defended the venture and said, “There were just some of the world’s best AI engineers and scientists that were willing to join a startup but they were not willing to join a large, sort of relatively established company like Tesla.”

Read Next: Trump Media SPAC Deal: Accused Insider Traders Plead Not Guilty

Image By Frederic Legrand – COMEO On Shutterstock