Expert speculates Elon Musk’s $44B Twitter takeover is all a ploy to liquidate Tesla shares

Some analysts are speculating that Elon Musk’s $44 billion bid to buy Twitter was ‘a ruse’ and an excuse to sell off some of his stake in Tesla.

Musk sent heads spinning on Friday morning when he tweeted that his bid was ‘on hold’ as he sought more information about fake accounts on Twitter. Hours later he tweeted that he was ‘still committed’ to the deal.

Analysts called Musk’s announcement ‘laughable’ and ‘farcical’, speculating that Musk planned to negotiate a lower price for the deal, or…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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