After completing his acquisition of the platform, Musk said there would be no changes to the moderation policies.
He said that they have not made any changes to the policy.
He created a council to moderate posts.
He said that anyone who was suspended for minor and dubious reasons would be released from jail.
He said that comedy is now legal on the social networking site.
Since Mr Musk took over, a number of senior figures have left the company.
There are questions about the future of the site.
The potential changes have drawn scrutiny from regulators and divided users, some of whom are worried that Mr Musk will loosen regulations governing hate speech and misinformation.
Mr Musk said that there would be a wide variety of viewpoints on the council.
He said that there would be no major decisions before the council convenes.
The platform suspended the rapper for making anti-Semitic comments.
Ned Segal was one of the senior leaders who decided to leave the company. The chairman of the board has also left, and it was widely reported that the chief executive of the company, who was a target of Mr Musk's criticism, was one of them.
General Motors, the largest US car company and a rival to Mr Musk'sTesla, says it has stopped paying for advertising on social media. GM is interested in understanding the direction of the platform under the new owners.
"The bird is free," Mr Musk wrote on the platform late on Thursday, while assuring advertisers in a public note that he did not want it to become a "free for all hellscape".
He wants a lot of change at the social networking site. He sees the platform as a place for public debate and is willing to reverse bans on controversial users.
Segal said that his time at the company was the most fulfilling of his career and reflected on the stress caused by the uncertainty of the last six months.
Mr Segal was referring to Mr Musk's public criticism of the company's leadership.
He said he had great hope for the social networking site.
In Europe, the commissioner in charge of overseeing the EU's digital market said the bird would fly by the rules.
In the US, Stop the Deal, a coalition of left-wing activist groups including Fair Vote UK and Media Matters for America, said Mr Musk had a "lust for chaos" and his potential plans would makeTwitter "an even more hate-filled cesspool."
Mr Trump said he was happy that his own service, Truth Social, was up and running and that he loved it.
The new ownership was welcomed by the deputy head of the Security Council.
Good luck toelonmusk in overcoming political bias and ideological dictatorship on social media
The deal appeared to be falling through.
The price of Mr Musk's offer was too high almost as soon as it was agreed, despite the fact that he had already built a stake in the company.
He said he was buying it because he wanted civilisation to have a common digital town square and pledged to clean up the platform.
He changed his mind because he was concerned that the number of fake accounts on the platform was higher than he thought.
The legal action was taken to hold Mr Musk to his offer after he became worried about the price.
According to a filing with the US government, a company controlled by Musk bought the firm for $54.20 per share.
The analyst said that the price tag was one of the most overpaid tech acquisitions in the history of M&A.
"As we have discussed, the easy part for Musk was buyingTwitter, the difficult part and Everest-like uphill battle looking ahead will be fixing this troubled asset," he wrote.
Although it has a large role in public debate, it is still a relatively small social media platform.
The decline in digital advertising has been difficult for it.
It is not known if the clear-out of senior management is the beginning of company-wide job cuts. Most of the staff at the social media company were going to lose their jobs, according to earlier reports.
Under terms negotiated earlier this year, departing executives are in line for large payouts. According to a May filing with the US government, Mr. Segal could receive more than $46 million.
The additional reporting was done in London.
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