Tesla CEO Elon Musk claims that by joining Twitter, he will spend more time to the automaker.

Musk will not be stepping down as the head of the electric automaker anytime soon. The recent events and comments made by Musk have led to the creation of one of the most disruptive companies in recent memory, and with his guidance, the automaker has surged to become the most valuable globally.

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Noted frequently as an "overhang" onTesla shares, Musk's venture into runningTwitter took away from his time as the head of the automaker, but he always maintained he was not going to be running the day-to-day operations of the platform forever. 

The price of its EV has dropped considerably so far. It has caused aWidespread drop in prices across the industry as competitors aim to keep up Musk's falling stock price could be attributed to a wide variety of factors outside of Musk's control, including a downturn in tech stocks entirely as the U.S.

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