He made a $44B deal in Twitter, and he can't accept the repricing in the market that makes it worth significantly less.
He owns 13% of Tesla, which is worth $50B. For him these two companies look like equal importance, while for investors Tesla is the important company.
Twitter will eventually get to this place too. The risk to both Tesla a d SpaceX is where Musk as as much as lead engineer as CEO. Distracting him from that side is where there is likely to be an impact.
With the rest of the auto industry finally getting into EVs, I'm sure there are strategic and big picture elements that are going unnoticed by the absentee CEO.
Like, if my day-to-day duties are so light that I can take a similar full time job at 2 other companies, and everyone gets on fine while I’m gone doing those other jobs, maybe that’s an indication I’m not really doing anything important in the first place.
at the end of the day, everyone has a boss and Elon's is the general public. his stock is tanking. while you can say it's not the same as being fired as a regular employee (and it's not), he doesn't 'get to do that'