Musk comments that he could seek a lower price came just days after saying the Twitter deal is “temporarily on hold.”
to buy the website, which was announced April 25. The Tesla CEO has sparred with Twitter management over the issue of spam bots, fake accounts that often promote cryptocurrencies and peddle scams, although analysts and some advisers have suggested Musk’s focus on the issue is merely a pretext to back out of the deal.
Tesla’s stock has fallen sharply since Musk’s interest in Twitter became public, and Musk’s net worth has taken a significant hit as a result. Much of Musk’s financing for the deal relies on Musk’s ability to leverage Tesla stock as collateral, similar to using property to back a loan.
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