The billionaire wants to reduce his time on Twitter and find a new leader to run the social network.
Twitter continues to be daily news since it was acquired by Elon Musk, who has now announced that he is already looking for a new leader for that social network.
The South African billionaire said Wednesday that he hoped to reduce his time on Twitter and eventually find a new leader to run the social network he recently acquired for $44 billion.
After at least two weeks of chaos on Twitter, the Tesla and SpaceX owner also stressed that he expected to complete an organizational shake-up of the social media platform this week.
Musk said that in the near future he plans to “reduce my time on Twitter and find someone else to run Twitter over time.”
“There is an initial flurry of activity necessary after the acquisition to reorganize the company,” Musk said in his testimony. “But then I hope to reduce my time on Twitter.”
The now-Twitter owner made the remarks while testifying in a Delaware court to defend himself against claims about his $56 billion payout package at Tesla Inc.
Elon Musk also admitted that some Tesla engineers were assisting in the evaluation of Twitter’s engineering teams.
Tesla investors are concerned
Tesla investors have shown increasing concern about the time Musk spends restructuring Twitter since his recent purchase.
Tesla shareholders have seen how Musk has been focused on the recent Twitter acquisition and made questionable decisions.
Investors are also concerned about government investigations into self-driving accidents or Musk’s run-ins with securities regulators.