A week after his addition to the Twitter board became a major market story, Elon Musk is once again back in the spotlight. What Happened On Sunday night, Twitter Inc CEO Parag Agrawal announced the Tesla Inc CEO would not be joining the social media platform’s board of directors. The announcement comes after it was revealed Musk had become the largest shareholder in Twitter with a 9.2 percent stake. Agrawal said last week Twitter had offered a position on its board to Musk and hoped to work with him. With Musk no longer becoming a board member, investors should consider one potential scenario. Why It’s Important In the 8-K filing that announced Musk being appointed to Twitter’s board one important item was revealed. Under the terms of the agreement of joining the Board of Directors, Musk could not become the owner of more than 14.9 percent of Twitter shares while serving on the Board …