Elon Musk
Tesla CEO Elon Musk.
  • Elon Musk's departure as Twitter CEO will boost Tesla's share price, according to Wedbush.
  • Musk said Thursday that he'd found a new boss for the social-media giant and that she'll start in around six weeks.
  • That announcement removes a "lingering albatross" for Tesla's stock, Wedbush's Dan Ives wrote.

Elon Musk's looming departure as Twitter CEO is good news for Tesla investors, according to Wedbush managing director Dan Ives.

Musk said Thursday that he'd found a successor to run the social-media company and that she will start in around six weeks, with the billionaire taking on a new role as Twitter's CTO and executive chair.