Analyst: Musk probably wishes he never bought Twitter

ROTH Capital Partners Senior Research Analyst Craig Irwin talks about the impact of Elon Musk's purchase of Twitter on Tesla stock.

You can see the entire interview here.

Key Video Takeaways

00:02 On Musk buying Twitter

00:18 On scenario where Musk brings back Jack Dorsey

Video Transcript

CRAIG IRWIN: Twitter really is a boat anchor. It's something he probably wishes he never bought. He probably was a little bit tongue in cheek when he made his original bid public. I think he probably views that as just a freaking boat anchor. And now he's going to go out there and fix it. Best scenario for him is if he could get someone like Jack Dorsey to come back. Jack's got a billion dollars rolled into it in stock, right? If he could persuade him to come back and win back those 80 advertisers that have left, that would be a huge deal for Tesla. It would probably pop the stock 25 to 50 bucks.

The reality, though, is I think that there's enough of a challenge to bring someone like Dick Costolo or Jack Dorsey back. And they'll have to look elsewhere for more credible leadership, given that Musk has said he's going to depart. He's going to go and focus back on SpaceX and Tesla and Neuralink and all the other fun projects he has going on.