Elon Musk takes Executive Chair and CTO position at Twitter, hires new CEO
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Elon Musk, CEO of Tesla, announced on Thursday that he has hired a new chief executive for Twitter. Musk did not disclose the name of the replacement but shared his excitement about the appointment, stating that the new CEO will begin in approximately six weeks. As part of the transition, Musk will take on the positions of Executive Chair and CTO, overseeing product development, software, and system operations.
This move aims to alleviate concerns among Tesla investors who have expressed worries about Musk's extensive involvement in Twitter, diverting his attention from the electric vehicle company and SpaceX, the aerospace manufacturer he also leads. Following the news, Tesla's stock experienced a 2.4 percent surge in trading volume.
In November, Musk had announced his intentio...