Tesla CEO Musk hints at ‘moving on’ from Twitter takeover bid, days after filing documents with SEC
Elon Musk tweets ‘moving on’ in reference to making fun of Bill Gates for shorting Tesla while claiming to support climate change
Elon Musk made a cryptic post on Twitter Sunday morning, saying he was ‘moving on’ in what many believed was in reference to his ongoing takeover bid However, the Tesla CEO later clarified the tweet meant he was done ‘making fun of Gates for shorting Tesla while claiming to support climate change action’ ‘Moving on …’ Musk tweeted on Sunday. The post already had over 136,000 likes, 11,000 retweets and over 2,400 quote tweets as of Sunday morning Musk made the vague proclamation days after he filed documents Thursday with the SEC He had committed $21 billion in equity, $13 billion from Morgan Stanley in debt facilities and another $12.5 billion from the bank and others in margin loansEarlier this week, Twitter filed its ‘poison pill’ defense with the SEC in a last ditch attempt to prevent him from increasing his stake in the firm further
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Tesla CEO Elon Musk made a cryptic post on Twitter early Sunday morning, saying he was ‘moving on’ in what many first believed was a reference to his ongoing takeover bid of the social media giant – before the tech titan said the message meant he was done making fun of billionaire rival Bill Gates.
‘Moving on …’ Musk tweeted to his more than 83 million followers, leaving many in the lurch as to what he was moving on from for several hours on Sunday.
The post had over 136,000 likes, 11,000 retweets and more than 2,400 quote tweets from as of Sunday morning.
Later in the day, Musk clarified the tweet saying ‘moving on’ was in reference to ‘making fun of Gates for shorting Tesla while claiming to support climate change action.’
Musk most recently had made fun of Gates’ gut on Twitter on Saturday, posting a photo of the Microsoft mogul alongside Apple’s controversial pregnant man emoji ‘in case you need to kill a boner.’
Musk, the world’s richest person, posted a follow-up image in response to the Friday post of six hooded figured captioned ‘shadow ban council reviewing Tweet.’
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Tesla CEO Elon Musk may be getting cold feet over his proposed Twitter takeover, after cryptically tweeting ‘moving on’ on Sunday
The lowbrow joke could further infuriate woke Twitter staffers angered by Musk’s ongoing bid to buy the firm after saying he’d take a hardline stance supporting free speech.
Musk made the vague proclamation days after he filed documents Thursday with the SEC.
He had previously committed $21 billion in equity, $13 billion from Morgan Stanley in debt facilities and another $12.5 billion from the bank and others in margin loans.
But ‘a portion’ of his shares in Tesla have been put forward as collateral, which analysts feared could have a huge impact on the firm.
The 50-year-old billionaire also revealed Thursday he was weighing up launching a tender offer for Twitter after the company ignored his acquisition offer.
He said he was exploring getting stocks directly from shareholders but admitted he ‘has not determined whether to do so at this time’.
The move signals Musk ramping up his commitment to seizing Twitter after weeks of back and forth between the entrepreneur and company.
Earlier this week, the social media giant filed its ‘poison pill’ defense with the SEC in a last-ditch attempt to prevent him from increasing his stake in the firm further.
Musk, the world’s richest man, currently owns a 9.2 per cent stake in the tech giant and is trying to take it private with an unsolicited bid of $54.20 per share.
In a Twitter poll taken by nearly 20,000 users, 73 percent wanted Musk to purchase Twitter, while another 27 percent were opposed to it.
Meanwhile, Twitter’s share price closed 0.77 per cent up at $47.08 on Thursday, as speculation continues to rumble as to whether Musk’s audacious bid will be successful.
