Tag: Elon Musk

Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter. Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13.

Coming up with $44 billion to buy Twitter was the easy part for Elon Musk. Next comes the real challenge for the world’s richest person: fulfilling his promise to make Twitter “better than ever” as a lightly regulated haven for free speech.

Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers.

Twitter’s board and Tesla CEO Elon Musk negotiated into the early hours of Monday over his bid to buy the social media platform, The New York Times reported.

Elon Musk sought to buy Twitter for $43 billion but was met with a “poison pill” plan from Twitter's board of directors, which looks dire for his prospects, but is really just some mildly spicy hot sauce.