Shares of electric car maker Tesla rose in premarket trading on Monday after Twitter users voted for Elon Musk to step down as the company’s CEO, Markets Insider reported.

The South African billionaire held a poll on his Twitter page on Sunday asking his more than 120 million followers whether he should step down as CEO of Twitter, and said he would respect the results of the vote.

In late October, Elon Musk announced that he would also become Twitter’s CEO, shortly after taking control of the social network and firing the company’s management.

One of the first moves he made after buying Twitter was to fire Parag Agrawal, who took over as Twitter CEO after Jack Dorsey resigned last year, and the social media platform’s CFO.

Musk held them personally responsible for Twitter’s refusal to provide him with requested information about the number of fake accounts on the platform, a major issue during negotiations to complete the deal.

Good news for Tesla: Twitter users want Musk gone

A poll conducted by Musk on his personal page ended Monday with 57.5% of the more than 17 million respondents voting for his resignation as Twitter CEO.

Tesla shares immediately rose 4.73% to $157.3 before the open, with many financial analysts previously saying that one of the reasons Tesla shares have fallen this year is investors’ fears that Musk will be more concerned with running the social media platform, which he paid 44 billion dollars.

A report published in late October by Morgan Stanley, one of Wall Street’s biggest investment banks, warned that Tesla’s share price had been hurt by Elon Musk’s Twitter rants and that the electric car maker was still exposed to risks.

Although the automaker’s share price has been steadily declining this year, it has fallen by at least 30 percent since Oct. 28, when Musk and Twitter announced the completion of the billionaire’s acquisition of the social network.

“Elon is a Tesla brand. He needs to figure it out,” Gene Munster, a partner at investment firm Loup Capital, recently told CNBC.

“He has made these heartbreaking mistakes many times and he needs to be more careful with the message because it will cause long-term damage. [Tesla] if they don’t right the ship,” he added.

But Musk blamed the U.S. Federal Reserve for Tesla’s slide, saying the central bank’s hike in benchmark interest rates in Washington made them less attractive to investors.