Elon Musk said on Wednesday that he expects to reduce his time on Twitter and eventually find a new leader to run the social media company, adding that he hopes to complete the organizational restructuring this week.

Musk also made these remarks while testifying in Delaware court to defend against allegations that his $56 billion Tesla pay package was based on easily achievable performance targets and was approved by a compliant board.

But Musk later said in a tweet that he will continue to manage Twitter until he is in a strong position, although that "will take some time."

Musk's tweet came after former CEO Jack Dorsey said he would not accept the role of Twitter CEO. In response to a Twitter user who asked if he would take the CEO position, he said "No."

Also, Musk said in his testimony: "There is initial activity needed after the acquisition to reorganize the company but after that I expect to reduce my time on Twitter."

Musk also admitted that some Tesla engineers were helping to evaluate Twitter's engineering teams, but he said that was "on a voluntary basis."

The billionaire’s first two weeks as Twitter owner were marked by rapid change and chaos, as he quickly fired Twitter’s former CEO and senior leaders, then laid off half its staff earlier this month.

In the same context, Musk sent an email to Twitter employees early on Wednesday, telling them they need to decide by Thursday whether they want to stay with the company to work "long hours at high intensity" or receive three months' severance pay.