It's one or the other. Some controllers have cruise control, which holds the throttle when you let go of it. You can test for this by blipping the throttle or operating a brake switch. If the throttle stays on afterwards, it's a displaced magnet, if it doesn't, it's the cruise control operating. If you have cruise control, but don't like it, you can disable it by unplugging a couple of single wires, which are joined with a connector at the controller. If it's a displaced magnet, you have to dismantle the throttle to repair it or get a new one.