After revealing that he does not want to be the CEO of the multiple companies he currently runs, Elon Musk wanted to delve into the situation Twitter. Since he became the owner of the social network, he has made multiple decisions with immediate effect, most of them quite controversial. Although he doesn’t seem to show any signs of tiring, because he’s certainly been through worse times at Tesla and SpaceX, Musk said that does not contemplate staying as head of Twitter for a long time.
“I hope to reduce my time on Twitter and find someone else to manage it”expressed in the trial for his compensation of 54,000 million dollars in shares of Tesla (via The Wall Street Journal). Of course, before anything, the tycoon wants to make sure that the company has completed what he describes as an “organizational restructuring.”
It is well known that Elon Musk laid off a huge number of employees — 4,000 at least, according to multiple reports. Among them, of course, many managers who played essential roles within the social network. Therefore, Musk prefers that Twitter’s organization chart take shape again before receiving a new CEO.
Shortly after presenting his offer on Twitter, Elon Musk himself commented that his goal was to find the right person to run the platform. However, once he took the reins and began to make strong decisions from day one, and that he is even sleeping in the offices until all the problems surrounding the platform are resolved, some intuited that he would not leave the address; at least for a long period of time.
Nothing could be further from the truth. Elon Musk still intends to “hand over control” of Twitter to someone else. I put it in quotes because we all know that regardless of whoever takes that place in the future, Musk will call the shots on the most significant moves.
Elon Musk, angry at running companies?
If it was already difficult to run the largest electric car in the world, and the most important aerospace company in recent times, adding a social platform with such an impact to your workday should not be easy. Twitter already had many problems for years, and since his arrival at the address they have only grown.
“Frankly, I don’t want to be CEO of any company”, he said in the aforementioned trial. That forceful and pessimistic phrase contrasts with the results that he himself has achieved at Tesla and SpaceX. Without going any further, Tesla had extraordinary profits during the third fiscal quarter of 2022. All despite the fact that the Shanghai Gigafactory could not operate normally due to the new wave of COVID-19 that hit the Asian country.
SpaceX, for its part, extended its contract with NASA for several more years. Thanks to the new deal, SpaceX will pocket $1.15 billion. “NASA has awarded a contract modification to SpaceX to further develop its Starship human landing system to meet the agency’s requirements for long-term human exploration of the Moon under Artemis. With this addition, SpaceX will provide a second manned landing demonstration mission in 2027 as part of NASA’s Artemis IV mission,” they commented.