Twitter stated last week that Elon Musk would become a member of its board of directors.
But on Sunday in a post on Twitter, the head of Twitter declared that Musk had ultimately decided against not putting on the Twitter board of directors.
Elon Musk, CEO of Tesla and now Twitter's largest stockholder have decided not to join the Twitter board.
Elon Musk on April 4 disclosed a 9.2 per cent stake in Twitter Inc, worth nearly $3 billion.
making him the micro-blogging site's largest shareholder and triggering a rise of more than 27 per cent in the company's shares.
Musk's move, revealed in a regulatory filing, came just after his tweet that he was giving "serious thought" to creating a new digital network.
Elon's appointment to become officially effective was 4/9, but Shared announced the same morning that he will not be participating on the board.