Elon Musk, the CEO of Tesla, SpaceX, and Twitter, has acknowledged that he has taken on too many responsibilities and plans to find a new CEO for Twitter by the end of 2023. In an interview with the BBC, Musk stated, “I expect to reduce my time at Twitter and find somebody else to run Twitter over time.” He aims to stabilize the company and ensure it is in a financially healthy place before stepping back. Musk’s acquisition of Twitter for $44 billion in October 2022 has been controversial, with concerns about his management style and potential conflicts of interest with his other companies. However, Musk believes that finding a suitable leader for Twitter will allow him to focus more on his other ventures, such as Tesla and SpaceX. The article highlights the challenges Musk faces in managing multiple companies and the need for a dedicated CEO to lead Twitter’s operations.
Source: https://www.businessinsider.com/elon-musk-ceo-tesla-spacex-twitter-too-many-companies-2024-4