Musk says he will resign once he finds ‘someone foolish enough’ to take over

Musk says he will resign once he finds ‘someone foolish enough’ to take over

Billionaire Elon Musk said Tuesday that he will step down as Twitter's chief executive once a replacement is found, but will continue to oversee several key areas of the social media platform.

"I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams," Musk wrote on Twitter.

Some investors have questioned whether Musk is too distracted to properly run his electric vehicle automaker Tesla Inc., in which he is personally involved in production and engineering, following his $44 billion acquisition of Twitter in October.

A total of 17.5 million respondents, or 57.5%, chose "yes" in the poll. On Sunday, Musk declared that he would follow the verdict. No successor has been named, and he has not given a timeline for his resignation.

The poll results marked the culmination of a hectic week that saw Twitter's privacy policy changes and the suspension and reinstatement of journalist accounts, both of which drew criticism from news organizations, advocacy groups, and government officials across Europe.

Wall Street has been calling for Musk to leave for weeks, and more recently even Tesla supporters have questioned his focus on social media and whether it might be a distraction from running the EV manufacturer.

Musk has acknowledged that he has too much on his plate and that he will search for a new CEO of Twitter. But he claimed on Sunday that there was no one in place to take his place and that "no one wants the job who can actually keep Twitter alive."

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