Twitter poll says Musk should step down

The poll, which ended on Monday night, showed about 57.5 per cent of votes cast were for "yes" while 42.5 per cent were against the idea of Musk stepping down as the head of Twitter.

The billionaire had launched the poll on Sunday evening.

Musk said on Sunday he would abide by the results of the poll but did not give details on when he would step down if results said he should.

More than 17.5 million people took part in the vote.

Shares of Tesla Inc, the electric-car maker Musk heads, were up more than 5.0 per cent in pre-market trading.

Musk, who lost his title as the world's richest person earlier this month, also founded the tunneling enterprise Boring Company, backs medical device company Neuralink and heads rocket company SpaceX.

Tesla investors have been concerned Musk has been spreading himself too thin following the Twitter deal.

Tesla has already lost almost 60 per cent of its value this year, as it battles supply chain issues and increasing competition in the EV space.

Last month, Musk told a Delaware court that he would reduce his time at Twitter and eventually find a new leader to run the social media company.

Replying to one Twitter user's comment on a possible change in CEO, Musk said on Sunday "there is no successor".

The poll comes after Twitter's Sunday policy update, which prohibited accounts created solely for the purpose of promoting other social media firms and content that contains links or usernames for rival platforms.

Australian Associated Press