Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo
Twitter Inc said on Tuesday it would name top shareholder and Tesla boss Elon Musk to its board, a day after the billionaire disclosed a 9.2% stake in the social media company.
Musk will serve as a Class II director, with the term expiring at Twitter's 2024 annual meeting of stockholders.
Twitter shares surged 6% in trading before the opening bell, after closing up over 27% on Monday.
