Buffett: Theres no need for Musk to communicate on Twitter. He needs to be promoted as CEO.

 Buffett: Theres no need for Musk to communicate on Twitter. He needs to be promoted as CEO.

Musk is a great man. I just dont think its necessary to communicate.

This is Buffetts comment on Tesla CEOs recent behavior in social media in an interview with Yahoo Finance and Economics on Friday.

Buffett believes that some people are talented at making interesting remarks, while others may get into trouble because of their remarks.

Buffett also compared his and Musks different habits of using Twitter. Unlike Musk, who is often troubled by Twitter, Buffett only tweets at the request of friends.

When asked how to view Musks behavior as CEO, Buffett laughed and said:

I think there is room for improvement, as he would say.

Buffetts views coincide with those of Tesla shareholders.

Last month, James Anderson, Baillie Gifford & Co., partner and portfolio manager of Teslas largest external shareholder, told Bloomberg that Musk should step back from the strong desire for public comment and be able to voice his views behind the scenes. I dont remember when Bezos (Amazon CEO) last attended a quarterly conference, let alone discuss analysis. Teacher, although I doubt he has a considerable opinion of analysts.

According to Wall Street, Buffett launched his personal Twitter service in April 2013 and has only sent nine tweets so far. Musk, who entered Twitter in 2009, has sent more than 7,000 tweets, most of which are related to Tesla and SpaceX.

Musk is less than a week away from the deadline for a settlement with the SEC.

Earlier this month, Judge Alison Nathan asked the SEC and Musk to reach an out-of-court settlement before April 18 on how to communicate through social media without violating the securities law, otherwise a ruling would be made.

In February, the U.S. Securities and Exchange Commission (SEC) asked the court to rule that Tesla CEO Mask flouted the courts ruling because he had previously unauthorized announcement of Teslas annual capacity target on Twitter, in violation of the settlement agreement reached last year. Musk then responded positively to the issue and opened the front with the SEC.

On March 18, the SEC again asked the court to convict Musk of contempt of court and order him to take appropriate remedial measures to ensure compliance with future launching procedures. (Zhang Dandan)

Source: Editor-in-Charge of Wall Street: Wang Fengzhi_NT2541