Evidently, Elon Musk doesn't want to run any businesses.
Musk made this statement while testifying in a lawsuit challenging the size of his Tesla salary package.
Musk stated that he would eventually name a new CEO for Twitter.

Elon Musk, a billionaire who recently took over as Twitter's CEO after purchasing the firm, declared he does not want to be the CEO of any other businesses. In a Delaware courtroom on Wednesday, Musk testified in defence of himself in a shareholder lawsuit contesting a remuneration package the Tesla board of directors gave him that might be worth more than $55 billion.

According to numerous media sources, Musk stated during his testimony that 'I expect to reduce my time at Twitter and find somebody else to operate Twitter over time.' Musk informed the remaining Twitter employees in an email sent overnight that the company is fundamentally a software and server company, and he urged them to make a decision by Thursday evening about whether they want to continue working there.

To create 'a breakthrough Twitter 2.0,' Musk wrote, employees 'will need to be extremely hardcore,' and working long hours with high intensity will be necessary for success. The majority of the Twitter team will be made up of people who write 'great code,' according to Musk, who is also the CEO of Tesla and SpaceX. 

The billionaire, who completed the $44 billion acquisition of the San Francisco company in late October, fired the majority of its full-time staff by email in the first week of this month and is anticipated to eliminate an untold number of contract positions for those in charge of policing harmful content and disinformation. A few engineers also claimed this week that they had been fired for publicly criticising Musk on Twitter or on a private internal message board for Twitter staff members. 

Musk promised to relax limitations on what users can post on the network. While almost all sides have criticised him for potentially opening the doors at Twitter to hate speech and other harmful speech, he has tried to reassure advertisers, who generate the majority of the social platform's revenue, that any rule changes won't harm their brands by associating them with harmful content.

Additionally, Musk has said that he intends to restart Twitter's premium service, which offers blue-check 'verification' badges to users who pay $8 per month, on November 29. In an effort to ensure that the service is 'rock solid,' the billionaire stated in a tweet that the relaunch will happen later this month.