I don't want to be CEO of Twitter or any company, says Elon Musk: Report

Elon Musk has said that he does not want to be the CEO of any company, be it Tesla or Twitter.

Twitter CEO Elon Musk
Photo: Bloomberg
IANS San Francisco
2 min read Last Updated : Nov 17 2022 | 9:02 AM IST

Elon Musk has said that he does not want to be the CEO of any company, be it Tesla or Twitter.

Musk made the comment during a testimony at a trial in the US on Wednesday, challenging his controversial pay compensation package at Tesla.

"I frankly don't want to be the CEO of any company," he said, reports The Verge.

"At SpaceX, it's really that I'm responsible for the engineering of the rockets and Tesla for the technology in the car that makes it successful," he was quoted as saying.

"So, CEO is often viewed as somewhat of a business-focused role, but in reality, my role is much more that of an engineer developing technology and making sure that we develop breakthrough technologies and that we have a team of incredible engineers who can achieve those goals," Musk elaborated.

He said he does not wish to remain CEO of Twitter forever.

"I expect to reduce my time at Twitter and find somebody else to run Twitter over time," he added.

According to James Murdoch, the former Tesla board member, Musk is even thinking about stepping down as CEO of Tesla.

"Investors have expressed concern over Musk's ability to multitask and whether the billionaire is taking on too much to legitimately run as many companies as he does," the report mentioned.

Amid chaos at Twitter, Musk faced two court cases in the US this week, one defending his $56 billion pay package from allegations by Tesla shareholders and the other a manslaughter trial in Los Angeles state for a fatal crash.

Tesla has come under heavy scrutiny on the controversial Autopilot advanced driver assistance system that has allegedly killed many, with both the US federal and state regulators turning up the heat on electric car-maker.

In August, the Department of Motor Vehicles (DMV) in California accused Musk-run Tesla of running fake claims about its Autopilot and FSD features.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Elon MuskTeslaTwitter

First Published: Nov 17 2022 | 9:02 AM IST

Next Story