But in the long run it doesn’t matter.
According to rumors, Elon Musk used the period from July to September to push for a reduction in the amount of the deal with Twitter, which was negotiated in April and amounted to $44 billion in full terms. By October, he managed to agree with the court that he would buy Twitter assets at the April price by the 28th of the current month. At the quarterly conference Tesla the head of this company admitted that he still has a feeling that he and other investors will overpay for Twitter, because the market value of this asset has long declined.
Image Source: Reuters
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This does not prevent Elon Musk, which is typical, from believing in the potential of the social network and counting on a further increase in the capitalization of Twitter “by an order of magnitude.” However, the billionaire known for his ambitions did not become modest with regard to Tesla, expressing confidence that over time this company will be worth several trillion US dollars. After buying Twitter, Elon Musk, as it became known from his comments, is not going to combine all the companies he owns into a holding.