Elon Musk is looking for a new leader for Twitter

Photo: Patrick Pleul/Getty Images

Twitter continues to be daily news since it was acquired by Elon Muskwhich now I announce that it is already looking for a new leader for that social network.

The South African billionaire said Wednesday that hoped to reduce his time on Twitter and eventually finding a new leader to run the social network it recently acquired for $44 billion.

After at least two weeks of chaos on Twitter, the also owner of Tesla and SpaceX stressed that he hoped to complete a organizational restructuring of the social media platform this week.

Musk said that in the near future he plans to “reduce my time on Twitter and find someone else to run Twitter over time."

"There is a initial burst of activity required after the acquisition to reorganize the company," Musk said in his testimony. "But then I hope to reduce my time on Twitter."

The now owner of Twitter made the statements while testified in court of Delaware to defend against claims about his $56 billion payout package at Tesla Inc.

Elon Musk also admitted that some Tesla engineers they were assisting in the evaluation of Twitter's engineering teams.

Tesla investors are worried

Tesla investors have increasingly shown concern for the time Musk spends restructuring Twitter since your recent purchase.

Tesla shareholders have seen how Musk has been focused on the recent acquisition of Twitter and made questionable decisions.

Investors are also concerned about the government investigations about autonomous driving accidents or Musk's run-ins with securities regulators.

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