Elon Musk, a Tesla shareholder, appeared in court to contest a lawsuit against him. He was accused of not spending enough time managing Tesla, and therefore, not deserving of a $56 million reward. The billionaire spoke out against the current organizational structure of many companies and called the title of CEO unsuitable. He also expressed his dissatisfaction with his position as CEO, stating that he would not accept such a position. He was also briefly the CEO at Twitter.
You may recall that Elon Musk is currently the CEO at Tesla, SpaceX, and Twitter. He also runs startups The Boring Company, and Neuralink. Additionally, he serves as the technical director at the aerospace company he established. Musk stated this week that he will temporarily assume the role of CEO at Twitter in order to be able to devote more time to the network and also to find the right person for the job.
“AT SpaceX, I am responsible for rocket design. Tesla is behind the technology that makes these vehicles successful.” Elon Musk stated in court that he was not modest. Musk said that the title of CEO is often associated with managerial roles in businesses. However, Musk says that he is more focused on creating breakthrough technologies and that his companies have teams made up of “incredible engineering” who can help him achieve these goals. “In my experience, great engineers can only work for great engineers. This is my primary responsibility, not being the CEO.” Elon Musk summed up.
You will recall that during the same court session one of Tesla’s board of directors stated that Elon Musk knew who would replace him as CEO. However, the Tesla head noted earlier that he would not be leaving this position unless it was for the greater good of Tesla.
Musk addressed the concerns of Tesla shareholders regarding the inclusion of engineers in the analysis on Twitter of the current state of affairs during the court hearing. The head of each company stated that he only involved Tesla specialists in this work on a voluntary basis. He did so in his spare time and for a short period of time. He stated that Tesla employs 120 million people and that a distraction of just a few specialists on the scale of the business’s operations is trivial.