Elon Musk Steps Down as X Corp CEO

Elon Musk Steps Down as CEO of X Corp, Shocks Tech World

April 3, 2025

In a surprising announcement today, billionaire entrepreneur Elon Musk revealed he is stepping down as CEO of X Corp, the parent company of the social media platform formerly known as Twitter. The move comes after months of speculation about Musk’s leadership and the platform’s future.

A Sudden Resignation

Musk, who acquired Twitter in October 2022 and later merged it into X Corp, made the announcement via a post on the platform.

'After much consideration, I’ve decided to step down as CEO of X Corp. It’s time for new leadership to take the company into its next phase,' Musk wrote.

Sources close to the company suggest that Musk’s decision follows increasing pressure from investors and advertisers over controversial policy changes, financial struggles, and Musk’s divided attention between X Corp and his other ventures, including Tesla, SpaceX, and Neuralink.

Who Will Take Over?

While Musk did not name an immediate successor, industry analysts speculate that X Corp’s board may appoint an internal executive or bring in an outsider to stabilize the company. Linda Yaccarino, who previously served as CEO before Musk took over direct control in 2023, is rumored to be a potential candidate for a return.

Market Reaction

News of Musk’s departure sent shockwaves through the tech and financial sectors. Shares of Tesla (TSLA) surged by 5% in after-hours trading, reflecting investor optimism that Musk may refocus his efforts on the electric carmaker. Meanwhile, X Corp’s valuation remains uncertain, as the platform has faced significant revenue declines since Musk’s takeover.

What’s Next for Musk?

Despite stepping down as CEO, Musk will remain involved with X Corp as its executive chairman and chief technology officer, overseeing product development. He also plans to dedicate more time to his aerospace company, SpaceX, which is preparing for its first crewed Mars mission in the coming years.

Public and Industry Response

Reactions to Musk’s resignation have been mixed. Supporters argue that new leadership could help X Corp regain advertiser trust and improve profitability. Critics, however, question whether the platform can recover from its turbulent transition under Musk’s ownership.

As the tech world processes this major shift, all eyes are on X Corp’s next move—and whether Musk’s reduced role will mark a new beginning or further instability for the embattled social media giant.

— Reporting by [Your News Organization]

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