A number of changes have been proposed by Musk, who was recently announced as a board member.
Dogecoin payments, a price reduction, and checkmarks are included.
Musk said on Saturday that anyone who signs up for the service should pay less than the current price. He said they should get a checkmark.
He said that the price should be $2/month, but paid 12 months up front, and that the account wouldn't get a checkmark for 60 days if used for scam/spam.
He said that the power of corporations to dictate policy is greatly enhanced if they depend on advertising money to survive.
The announcement that Musk was joining the board signaled his status as an active investor after he spent more than $2 billion on the social media giant's stock.
Musk made an extra $150 million from his investment because he didn't tell the SEC about his stake earlier.
The subscription cost should be proportional to affordability in local currency according to the business mogul.
In June 2021, the social-media platform launched its monthly subscription, which offers exclusive access to premium features, in the US, Canada, Australia, and New Zealand.
Insider asked for comment made outside of normal working hours.
The company announced in September last year that users from the US and El Salvador were able to tip their friends using the virtual currency.
Musk has said that he would make improvements to the platform after joining the board. Some employees said they would be subject to an HR investigation if they liked Musk.