Tesla CEO Elon Musk says he is thinking about creating a new social media platform via his Tweet on Saturday, however, he did not reveal the details of the hypothetical platform.

“Tesla CEO Elon Musk said in a series of tweets that he’s giving serious thought to creating a social media platform because Twitter is “failing to adhere to free speech principle,” Bloomberg Tweeted.

The ‘serious thought‘ of creating a new platform came up after the SpaceX billionaire said that ‘Twitter does not allow free speech’.

“Am giving serious thought to this,” he Tweeted.

On Friday, the CEO Tweeted, “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?” and continued his statement by asking if the netizens feel the need for a new socializing platform.

In another Tweet that surfaced on Friday, Elon Musk said, “free speech is essential to a functioning democracy” and asked if Twitter “rigorously adheres to this principle.”

America’s microblogging and social networking platform, which claims to support free speech, did not respond to the news outlets’ requests for comments.

The recent posts by the Tesla CEO show that he does not like that Twitter regulators scrutinize his Tweets.

In November, Elon Musk was summoned by the Securities and Exchange Commission of the US after the CEO asked his followers on Twitter if he should ‘sell 10% of Tesla INC stocks‘- causing a sudden decline in the company’s share prices.

Earlier in February, the trillion-dollar net worth entrepreneur accused the  Securities and Exchange Commission of “harassment and making calculated efforts to chill his right of free speech.”

While Musk tries to reverse the subpoena, SEC said in a post last week, “Musk’s motion to quash is procedurally defective and substantively meritless.”

Elon Musk is not the first to express his thoughts on creating a new socializing platform. Earlier, Donald Trump introduced Truth Social, a social media platform as part of the Trump Media and Technology Group.

The former president has been banned from Twitter since last year, January.

“There seems to be a trend for wealthy individuals with a polarizing presence on social media that gets them in trouble, to want to build their own platforms,” told the social media consultant, Matt Navarra, to CNBC on Monday. “One can only assume their logic is by building their own social network, they get to create the content moderation rules they often fall foul of on Twitter, Facebook.”