Musk – also CEO of the electric car maker Tesla – says he first wants to stabilize the company and make it financially healthy. That should be possible by the end of this year, according to Musk (51). “The end of this year seems like good timing to find someone else to lead the company.”
Musk acquired Twitter in October for $44 billion and also became CEO. This was followed by a turbulent period with many layoffs and controversy, including the reinstatement of former US President Donald Trump’s account. In a poll on Twitter in December, Musk let users of the platform decide on his role as CEO, resulting in 60 percent thinking he should step down. He then promised to look for a successor.
Musk never clearly said when he would step down. In December he would have started a search.
