During the legal battle with Twitter, Tesla CEO Elon Musk teased the launch of a new social media website called X.com.
Is Elon Musk launching his own social media site X.com?
X.com was the domain name of a startup Musk founded two decades ago and later merged with financial services firm PayPal.
When asked if he had considered creating his own social platform if the Twitter deal fell through, Musk replied, “X.com.”
After selling nearly $7 billion in electric vehicle company shares, Tesla and SpaceX CEO Elon Musk said he would repurchase Tesla stock if the Twitter deal fell through.
When a user on the microblogging platform asked if he was finished selling Tesla stock, the tech billionaire responded affirmatively.
“Yes. In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners do not come through, it is important to avoid an emergency sale of Tesla stock,” Musk wrote on Twitter.
Meanwhile, in response to another user’s question, “Will you buy Tesla stock again if the Twitter deal does not close?” Musk replied, “Yes.”
Musk sold Tesla stock
According to reports, Musk sold 7.92 million company shares worth approximately $6.88 billion.
Musk’s transactions took place between August 5 and August 9, according to SEC filings, following Tesla’s 2022 annual shareholder meeting on August 4 in Austin, Texas.
Musk and Twitter are locked in a legal battle over the cancellation of the $44 billion takeover deal, which will begin in a US court on October 17.
