Elon Musk
Elon Musk.
  • Tesla stock climbed 2% Thursday, jumping late in the day after Elon Musk said he'd step down as Twitter CEO. 
  • Musk tweeted that he found a new CEO for Twitter who would start in around six weeks. 
  • "My role will transition to being exec chair & CTO, overseeing product, software & sysops."

Tesla stock jumped more than 2% Thursday, seeing a spike near the end of the trading session after Elon Musk announced he would step down from his role as Twitter chief executive.

"Excited to announce that I've a new CEO for X/Twitter," Musk tweeted at 3:44 p.m. ET. "She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops."