Excited to buy Twitter despite overpaying: Elon Musk
Elon Musk, the world’s richest man and the head of the American technology company Tesla, has said that he is very excited to buy Twitter.
According to Reuters, Elon Musk and other investors are paying more than the initial price to buy the company.
Tesla’s chief executive was answering a question during a conference call following the company’s quarterly report.
Elon Musk, the world’s richest man, is buying Twitter after initially trying to back out of the $44 billion deal. Elon Musk described Twitter as an asset that has been around for a long time.
“Other investors and I are undoubtedly spending excessively much for Twitter right now.” Twitter’s long-term possibility is much more elevated than its current value.
Musk said the value of Tesla, which is currently less than $700 billion, could exceed the combined value of Apple Inc. ($2.3 trillion) and Saudi Aramco ($2.1 trillion).
Elon Musk is raising capital to buy Twitter, and according to some experts, he may have to sell another $3 billion in shares after Tesla’s quarterly report.
A judge in the American city of Delaware has stopped the proceedings against Musk’s Twitter lawsuit and has given him until October 28 to finalize the deal.
Tesla investors fear Musk will sell more Tesla shares to complete the deal to buy Twitter.
However, Elon Musk, CEO of Tesla and SpaceX, Neuralink and Boring Company, said that he has no plans to bring his companies under one umbrella with Twitter.
Elon Musk, the head of American car maker Tesla and the world’s richest man, brought a bathroom sink to Twitter’s headquarters.
Elon Musk shared a video on the social networking site Twitter in which he entered Twitter’s headquarters carrying a bathroom sink.
Elon Musk captioned the video, ‘Going inside Twitter’s headquarters, everyone get this.’
Elon Musk’s arrival at Twitter headquarters with a bathroom sink was a meaningfully ironic use of the English idiom ‘let that sink in.
Perhaps he was trying to convey the message that he would buy Twitter.