Musk did not rule out layoffs and said that remote work would only be allowed for exceptional employees, but he did not address larger concerns.

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Musk is speaking at an event

AFP via Getty Images

When asked if there could be staff cuts, Musk said the company needs to get healthy and that its costs are more than its revenue.

He said layoffs would be done based on performance.

According to the New York Times, Musk said he believed in moderate politics and that people should be able to say what they want on social media.

Musk said that only excellent employees would be allowed to work from home.

According to the Washington Post, Musk emphasized that if users felt harassed or uncomfortable, the site would lose users.

According to multiple outlets, Musk wanted to be involved in product development, but he wasn't going to become the new CEO.

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One billion. That is the number of active users Musk wants to have on the micro-messaging service. According to its first quarter earnings report, it has 229 million daily users.

Crucial Quote

According to CNN, he said that there was freedom of speech and freedom of reach. I don't think people should be allowed to say things that are out of bounds of the law, but that doesn't mean they can't say them.

At one point in the meeting, Musk said he had not seen any evidence of aliens.

Key Background

The highly anticipated meeting comes after Musk in recent weeks has sowed doubt about following through on his offer to take over Twitter. Musk threatened to abandon the deal because the company refused to analyze the number of accounts on the platform. Last week, it was reported that the company was preparing to give Musk access to a stream of everytweet sent to allow him to independently assess the prevalence of bots on the platform. According to the Times, Musk said during the meeting that he wanted to make it harder for people to live on the platform. Musk told employees in a leaked email that if they didn't work from the office, they would have to leave the company. Musk argued during Thursday's meeting that it is impossible to make cars remotely, despite employees raising concerns about an end to remote work.

There is a staff meeting.

The New York Times reported that Musk said he wants one billion users on the social networking site.

The Washington Post reported that Musk said staff harassment will cause people to leave the service.

Musk said he could walk away from the deal.