Elon Musk, after buying Twitter and taking on the position of CEO of the company, said that he may step down and vacate his position before the year ends.
Elon Musk CEO position
The CEO spoke at the World Government Summit in Dubai via video link, saying he needs to “stabilize the organization” and “make sure it’s in a financially healthy place” before he eventually looks for someone to replace him.
According to some sources, the billionaire is looking for someone to be the CEO of Twitter, according to individuals who spoke with Bloomberg. The shift is anticipated to take place by the end of the year.
Some Tesla investors are concerned about Musk’s absence from the electric vehicle manufacturer. For his part, Musk claimed that compared to three to five years ago, it is now easier to run Space X and Tesla.
During the video talk with the minister of cabinet affairs of the UAE, Elon Musk referred to Twitter as “a startup in reverse.” To be “in a stable position,” the social network company still requires a lot of work.
He presently sleeps six hours a night while working seven days a week and hopes to work “a measly 80 hours per week.”
Source: Gadget Pilipinas
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