The billionaire had promised to abide by the result of a Twitter poll where he asked users whether he should resign as the social media platform's chief executive officer.
After 57.5 per cent of users vote "yes", Musk said he would stay on as Twitter CEO until he could find "someone foolish enough to take the job". Once he did, the billionaire said he would "just run the software and servers teams".
This is not the first time the platform’s new owner has indicated he will pull back from the position. In November, the now second-richest person in the world told a court in Delaware that he would reduce his time at Twitter and eventually find someone to run it in his place.
According to CNBC, Musk would have been looking for a replacement since before posting the poll on his Twitter profile.