Parag Agrawal, who was named CEO of Twitter in November, is expected to remain in his role until the sale of the company to Musk is completed.
Shares of Tesla fell eight percent in value today. Investors fear that Musk’s involvement with Twitter will divert his attention from his work at Tesla.
Musk, who calls himself a “free speech absolutist,” wants to make easy-to-use changes to Twitter, such as an edit button and removing spam bots that send massive amounts of unwanted tweets.