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Musk said he does not want to be CEO of Tesla

admin 2022.11.16 20:27 Views : 93

 

Musk said he does not want to be CEO of Tesla and never wanted to be CEO of any company, while confirming his leadership of Twitter is only temporary.

 

Elon Musk said in court Wednesday that he does not want to be the CEO of any company.

He recently acquired social media giant Twitter and appointed himself as the CEO, adding to his responsibilities as the CEO and “technoking” of electric vehicle maker Tesla, and CEO and CTO of the U.S. defense contractor SpaceX.

 

Musk also confirmed that the arrangement at Twitter is temporary. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” he said. 

Musk and Tesla are in the midst of a trial in Delaware over the 2018 CEO pay package the company granted him, an unparalleled compensation plan that has made Musk a centi-billionaire and the richest person on the planet.

Shareholder Richard J. Tornetta has sued Musk and Tesla alleging that the CEO compensation was excessive and that its authorization by the Tesla board amounted to a breach of its fiduciary duty.

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