Elon Musk confirms he will resign as Twitter CEO, here’s when – Times of India

It’s not the best of the recruitment pitch but Elon Musk has confirmed that he is looking for a new CEO of Twitter. But only “someone who is foolish enough to take the job” will be an apt replacement, said the world’s second richest man. Two days after he put up a poll asking people whether he should continue as head of CEO, Musk has revealed that he will step down from his current role. In a tweet, Musk said that “I will resign as CEO as soon as I find someone foolish enough to take the job!”.
Stepping away completely? No.
Musk also made it clear that he won’t be stepping away completely from the day-to-day running of the operations at Twitter. In the same tweet, he said once he finds a CEO, “I will just run the software & servers teams.”

When he put that poll up, Musk had indicated that the problem won’t be finding a CEO but one who can actually do a good job. “The question is not finding a CEO, the question is finding a CEO who can keep Twitter alive,” he said in another tweet.
“As the saying goes, be careful what you wish, as you might get it,” he tweeted.
There has been speculation that Tesla’s shareholders have been unhappy about Musk’s full-on involvement with Twitter. One of Tesla’s biggest individual investors, KoGuan Leo earlier this week tweeted that “Tesla has no working CEO” and that Musk has “abandoned Tesla.” He followed up with another tweet where he suggested that it would be better if Musk finds a CEO for Twitter. Multiple reports have revealed that Tesla’s stock hasn’t been doing too well. It was reported that compared to last year, Tesla’s stock price was down to 50%, hitting a 52-week low. Musk, however, hasn’t commented publicly on this but has indicated that this is certainly isn’t the reason. A Twitter user suggested that the Tesla “stock is declining not because of @elonmusk ‘s selling or $TWTR involvement but due to the fact that the risk free rate has spiked over the past year and the economy is headed towards recession. This is what stocks (especially auto OEMs) do during this phase of the cycle.” In a reply to the tweet, Musk posted a bull’s eye emoji.