Report: Elon Musk considering stepping back from Twitter and Tesla


Twitter CEO Elon Musk said Wednesday he plans to eventually find someone else to run the social media brand, according to Reuters, and is reportedly considering doing the same with another one of his companies, electric car giant Tesla.
Musk's remarks came during testimony in a Delaware court, in which he took the stand in a lawsuit over his $56 billion pay package from Tesla. The lawsuit claims that the package was based on easily achievable targets approved by a handpicked board of directors.
Per Reuters, investors at Tesla are reportedly becoming more concerned that Musk is devoting too much of his time to Twitter. However, during the testimony, Musk said, "There's an initial burst of activity needed post-acquisition to reorganize the company, but then I expect to reduce my time at Twitter."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
It may be, though, that Musk is also looking toward the next chapter at Tesla.
This revelation reportedly came from one of Tesla's board members, James Murdoch, who also testified at the trial. During the testimony, Murdoch told the court Musk had recently "identified a potential successor" that could take over as CEO of Tesla, The Wall Street Journal reported. This would seemingly mark a change for Musk, who said in 2021 that he had no plan of succession for Tesla.
"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," Musk said of his job at Tesla.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other news. Justin has also freelanced for outlets including Collider and United Press International.
-
Settling the West Bank: a death knell for a Palestine state?
In the Spotlight The reality on the ground is that the annexation of the West Bank is all but a done deal
-
Sudoku medium: August 23, 2025
The Week's daily medium sudoku puzzle
-
Sudoku hard: August 23, 2025
The Week's daily hard sudoku puzzle
-
Supreme Court allows social media age check law
Speed Read The court refused to intervene in a decision that affirmed a Mississippi law requiring social media users to verify their ages
-
What's Linda Yaccarino's legacy? And what's next for X?
Today's Big Question An 'uncertain future' in the age of TikTok
-
Nvidia hits $4 trillion milestone
Speed Read The success of the chipmaker has been buoyed by demand for artificial intelligence
-
X CEO Yaccarino quits after two years
Speed Read Elon Musk hired Linda Yaccarino to run X in 2023
-
Musk chatbot Grok praises Hitler on X
Speed Read Grok made antisemitic comments and referred to itself as 'MechaHitler'
-
Another Starship blast sets back Musk's Mars hopes
Speed Read Nobody was killed in the explosion, which occurred in south Texas
-
Disney, Universal sue AI firm over 'plagiarism'
Speed Read The studios say that Midjourney copied characters from their most famous franchises
-
What Elon Musk's Grok AI controversy reveals about chatbots
In the Spotlight The spread of misinformation is a reminder of how imperfect chatbots really are