In a tweet on Tuesday, Musk announced he would step down as Twitter's CEO once a suitable replacement is found.
He posted a poll Sunday asking users if he should step down as Twitter's CEO. The majority, about 57% of voters, voted in favour of Musk stepping down.
Twitter CEO Elon Musk to resign
Musk tweeted on Tuesday that he would resign as CEO once he found someone foolish enough to take the job.
He also said, "After that, I will run the software and servers teams."
Musk's poll received over 17.5 million votes. At the end of June, Twitter had about 238 million daily users.
Also, the CEO of Tesla and Space X, the billionaire, has a history of reversing decisions after announcing them or implementing them.
Two months after Musk took over the social network, he abruptly resigned. In his tenure, Twitter has faced lawsuits from former employees, massive layoffs, abrupt policy changes, a pullback in spending from advertisers
and Also, International outrage after suspending high-profile users and journalists from Twitter.
Reports indicate Musk will only be CEO for a few months before handing over. During Musk's tenure as Twitter's CEO, new policies have sparked a backlash from users and advertisers.
For example, a "blue check" verification was briefly available on Twitter in October for $8.
Trolls took advantage of it by setting up accounts impersonating companies like Nintendo and Coca-Cola.
One of the most famous examples was Eli Lilly and Co.'s stock plummeting after a fake account tweeted, "We're thrilled to announce that insulin is now free."
Earlier this week, Musk suspended accounts for journalists from The New York Times, The Washington Post, and also from the CNN, who had been critically covering his leadership.
Over two dozen accounts on Twitter were also suspended for tracking private jets using publicly available flight information.
In a Los Angeles stalking case, Musk claimed the account provided "assassination coordinates" by tracking his private jet's movements.
However, according to the Washington Post, the police have not determined a link between the two crimes.
Musk promised to vote on all significant policy changes in the future following a series of dramatic policy changes for which he apologized Sunday.