The Blubber

Per Bloomberg

In a recent interview, Morgan Stanley CEO James Gorman was asked about the multinational investment management and financial services company's position with Twitter. The company was one of the lenders in Elon Musk's multibillion acquisition of the social platform.

The interview with Bloomberg TV opened up with Gorman being asked whether Morgan Stanley will end up owning Twitter. The CEO replied that they would not and then gave his thoughts regarding Elon Musk's loan.

Gorman referred to Musk as one of the century's greatest entrepreneurs while mentioning some of his previous accomplishments. Among the accomplishments mentioned were Tesla, SpaceX, and the Boring Company.

Gorman: "Twitter is a great company, obviously, it's gone through a restructuring. We're very comfortable with our position,"

The interview took place at the World Economic Forum in Davos, Switzerland, and was part of the Bloomberg Surveillance show, which covered other important financial and economic news.

Another one of the most recent companies that took off with previous involvement with Elon Musk is OpenAI, the company behind the popular ChatGPT. Recently, the AI tool passed the United States Medical Licensing Exam (USMLE) after also passing Wharton's MBA exam.

Elon Musk was the co-founder of OpenAI, but due to his involvement with Tesla, he resigned from the board of directors in 2018. This was due to a conflict between companies working with artificial intelligence, which causes conflict, per Business Insider.

The confidence of Morgan Stanley happened despite Tesla dropping by 70% since its all-time highs. Previously, the company's Chief Investment Officer Mike Wilson said the S&P 500 could drop by 24% in 2023.

With Elon Musk's involvement in Twitter, some of the largest Tesla investors, like Leo KoGuan, share how the EV company deserves better.

KoGuan: "Elon abandoned Tesla and Tesla has no working CEO... Tesla needs and deserves to have working full time CEO."

See flow at unusualwhales.com/flow.

Other News:

• OpenAI's ChatGPT has passed the United States Medical Licensing Exam
• Morgan Stanley's Mike Wilson Tells the Public to Brace Themselves as the S&P Could Drop 24%

Resources:

Bloomberg

Business Insider