TechBriefly
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles
No Result
View All Result
 Hot Topics:
  • Social media chroming challenge
  • Snapchat planets order
  • Replika AI
  • Best D4 guides
  • Binance WOTD answers (Scam Prevention)
TechBriefly
No Result
View All Result
Home Business Corporate

Is Elon Musk stepping down? He doesn’t want to be a CEO anymore!

After months of back and forth between Musk and Twitter, Tesla CEO finally got what he wanted, and now he is stepping down?!

by Önder Erdine
17 November 2022
in Corporate, Business
Reading Time: 4 mins read
Is Elon Musk stepping down? Today, we are going to be going over the latest statement by Elon Musk, where he claimed that he doesn't intend to be Twitter's CEO for long.
Share on FacebookShare on Twitter

Is Elon Musk stepping down? Today, we are going to be going over the latest statement by Elon Musk, where he claimed that he doesn’t intend to be Twitter’s CEO for long.

Is Elon Musk stepping down? Elon Musk does not appear to desire to be the CEO of any firm. So he stated in testimony in a trial on Wednesday challenging his massive pay package at Tesla. Musk, the CEO of several businesses, most notably Twitter, was responding to queries from Tesla’s attorneys when he made the casual remark. “I frankly don’t want to be the CEO of any company,” he stated.

Is Elon Musk stepping down?

The trial, which began on Monday, is centered on whether Tesla’s board behaved lawfully when it authorized a compensation deal for Musk worth almost $52 billion at current share prices, and if Musk had undue influence over that decision. But Musk’s evidence also covered his titles, how he spends his time, and, most crucially, whether he was inebriated when he declared himself “technoking” of Tesla in 2021. He claimed to be sober, but his way of speaking indicated otherwise.

Is Elon Musk stepping down? Today, we are going to be going over the latest statement by Elon Musk, where he claimed that he doesn't intend to be Twitter's CEO for long.
Is Elon Musk stepping down? He doesn’t want to be a CEO anymore!

He revealed why he dislikes the title of CEO at his numerous enterprises, stating that he does not see himself as a typical CEO. “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 explained. “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.”

So, is Elon Musk stepping down? He also stated that he does not expect to remain CEO of Twitter indefinitely. Musk took over the firm two weeks ago and has already let off half of the employees, introduced and withdrawn various new product concepts, and oversaw the departure of major big advertisers. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he stated. Musk previously told investors that he only anticipated being Twitter’s CEO for a limited time.

Is Elon Musk stepping down? Today, we are going to be going over the latest statement by Elon Musk, where he claimed that he doesn't intend to be Twitter's CEO for long.
Is Elon Musk stepping down? He doesn’t want to be a CEO anymore!

According to James Murdoch, a former Tesla board member, Musk is considering stepping down as CEO of Tesla. Later in the day, Murdoch testified that Musk has expressly mentioned who he wants to follow him as CEO of Tesla — but was not asked by attorneys for the plaintiffs to name that individual. In his pre-trial deposition, Murdoch stated that Musk had not specifically mentioned a successor, but had done so in the intervening period. So, that should answer the question “Is Elon Musk stepping down?”

When asked how he spent his time in 2017 while the pay package was being put together, Musk said he split his time between Tesla and SpaceX, with less time spent on his tunneling and brain chip ventures — though, by the end of the year, he spent almost all of his time at Tesla, which was in the midst of its so-called “production hell” with the Model 3.

Is Elon Musk stepping down? Today, we are going to be going over the latest statement by Elon Musk, where he claimed that he doesn't intend to be Twitter's CEO for long.
Is Elon Musk stepping down? He doesn’t want to be a CEO anymore!

Investors are concerned about Musk’s capacity to multitask and if the billionaire is taking on too much to genuinely lead so many firms. Musk said that the majority of his time is spent “wherever the crisis is.” This is not to argue that Musk isn’t thinking about the long term. When asked about the Tesla Roadster that is now in orbit, Musk described it as an “art piece that will last millions of years.”

When asked about his aggressive approach with authorities, notably the Securities and Exchange Commission, Musk doubled back. “In general, I think the mission of the SEC is good but the question is whether that mission is being executed well,” he responded. “In some cases, I think it is not. The SEC fails to investigate things that they should and places far too much attention on thing that are not relevant.”

Musk then mentioned the “recent FTX thing,” in which the cryptocurrency exchange filed for bankruptcy. “Why was there no attention given to FTX?” Musk inquired. “Billions were lost by investors. “Investors lost billions. Yet the SEC continues to hound me despite shareholders being greatly rewarded. This makes no sense.”

Is Elon Musk stepping down? Today, we are going to be going over the latest statement by Elon Musk, where he claimed that he doesn't intend to be Twitter's CEO for long.
Is Elon Musk stepping down? He doesn’t want to be a CEO anymore!

Despite a 2018 deal with the SEC creating control over his public comments following his unsuccessful effort to take Tesla private, he emphasized that no one checks his tweets before he writes them. He has since gone to court to challenge the consent decree, claiming he was bullied into signing it. “The consent decree was made under duress,” Musk alleged in court today. “An agreement made under duress, is not valid, as a foundation of law.”

Musk was also questioned about an offensive tweet he published in July 2020, writing, “SEC, three letter acronym, middle word is Elon’s.” Musk stated in oath that he intended it to stand for “Save Elon’s Company,” but that it was misunderstood.

We hope that you enjoyed this article on is Elon Musk stepping down. If you did, we are sure that you will also enjoy reading some of our other articles, such as Elon Musk is rehiring back Ligma and Johnson, or Elon Musk suspended H3H3 Twitter account (Explained).

Tags: Elon MuskfeaturedTeslaTwitter

Related Posts

Who owns Kidz Bop

Who owns Kidz Bop? Ownership of the brand explained

Google Ads are changing with AI

Google Ads are changing with AI

Meta fined

Meta fined $1.3 Billion for breaching EU data privacy guidelines

People wants to save with Apple

People want to save with Apple

POPULAR

Binance Word of the Day answers: Scam Prevention theme

Here is how to fix the PS4 error NP-34958-9

What does setting interrogation succeeded mean?

Binance Word of the Day answers: Crypto Portfolios theme

How much is 1 million diamonds on TikTok?

WhatsApp Security Center is here to keep you safe

RCM Loader for Nintendo Switch: What is it, how can you install?

Instagram broadcast channel not available: Reasons and fixes

Is there a way to remove Character AI NSFW filters?

How to play Minecraft Jenny mod?

RSS News Republic

  • All Star Tower Defense: Character list, ranks and more
  • Black Clover season 5 release date, story, and more
  • 7 best NSFW AI art generators
  • A joke goes viral: How long do idiots live?
  • Elon Musk’s actual height revealed: How tall is he?

RSS Digital Report

  • Using Voice of the Customer for marketing and its benefits
  • Creating estimations for cost and organic traffic for your future SEO endeavors
  • Biggest issues plaguing the blockchain in 2023
  • What is the “Framing Effect” in marketing and how to use it?
  • How does in-house SEO compare to utilizing agencies and how to get started with it?

RSS Latest from LeaderGamer

  • PUBG name suggestions
  • Rules for Online Gaming Sites
  • Keep Earning With Roobet
  • Mortal Kombat 1 characters – confirmed fighters
  • Diablo 4 servers crashed – How to check server status?
TechBriefly

© 2021 TechBriefly is a Linkmedya brand.

  • Tech
  • Business
  • Science
  • Geek
  • How to
  • About
  • Privacy
  • Terms
  • Contact
  • FAQ
  • | Network Sites |
  • Digital Report
  • LeaderGamer
  • News Republic

Follow Us

No Result
View All Result
  • Tech
  • Business
  • Crypto
  • Science
  • Geek
  • How to
  • About
    • About TechBriefly
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • Languages
      • 中文 (Chinese)
      • Dansk
      • Deutsch
      • Español
      • English
      • Français
      • Nederlands
      • Italiano
      • 日本语 (Japanese)
      • 한국인 (Korean)
      • Norsk
      • Polski
      • Português
      • Pусский (Russian)
      • Suomalainen
      • Svenska
  • FAQ
    • Articles