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Musk made the remarks while testifying in a Delaware court to
defend against claims that his $56 billion pay package at Tesla
Inc was based on easy to achieve performance targets and was
approved by a compliant board of directors.
However Musk later said in a tweet that he will continue to run
Twitter until it is in a strong place, though it will "take some
time."
Musk's tweet came after former CEO Jack Dorsey said that he will
not accept the role of Twitter CEO. In a reply to a Twitter user
when asked if he would take the position of CEO, he said "nope."
Tesla investors have been increasingly concerned about the time
that Musk is devoting to turning around Twitter.
"There's an initial burst of activity needed post-acquisition to
reorganize the company," Musk said in his testimony. "But then I
expect to reduce my time at Twitter."
Musk also admitted that some Tesla engineers were assisting in
evaluating Twitter's engineering teams, but he said it was on a
"voluntary basis" and "after hours."
The billionaire' s first two weeks as Twitter's owner has been
marked by rapid change and chaos. He quickly fired Twitter's
previous CEO and other senior leaders and then laid off half its
staff earlier this month.
Musk sent an email to Twitter employees early Wednesday, telling
them they needed to decide by Thursday whether they wanted to
stay on at the company to work "long hours at high intensity" or
take a severance package of three months of pay.
(Reporting by Hyunjoo Jin and Tom Hals; Additional reporting by
Akanksha Khushi. Writing by Sheila Dang; Editing by Chizu
Nomiyama, Richard Chang and Dhanya Ann Thoppil)
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