reached an agreement to acquire Twitter for $44 billion in late April. Elon Musk, made some decisions for this purchase that upset the markets. Musk announced that he would foresee $12.5 billion of the 44 billion purchase with Tesla shares, and after the responses, this number rose to $ 6.25 billion.

But while the number of Tesla shares Musk will use to buy Twitter declined, Tesla’s value continued to fall. Tesla shares have fallen as confidence in Musk has fallen in the past month. almost 30% lost value. After all this, Musk, according to SEC documents shared today Tesla stopped using its shares for the Twitter acquisition.

Musk’s New Purchase Plan:

In his first deal with Twitter, Musk planned to raise $21 billion of the $44 billion from equity and $25.5 billion from a combination of loans. $12.5 billion of these loans would be secured in exchange for Tesla stock owned by Musk. However, after the initial responses, Musk first reduced this number to $6.25 billion and now to 0. In other words, Elon Musk shared his initially planned $21 billion equity stake in total. increased to $33.5 billion.

Tesla and Twitter shares rose with the document:

On the other hand, this move is thanks to Musk’s Twitter, which announced that it had recently suspended the deal. still want to buy interpreted as. With the SEC document, both Twitter and Tesla shares rose. The value of the Tesla stock rose almost 5%, while the value of Twitter’s stock rose almost 4%.

Jack Dorsey has completely severed ties with Twitter:

On the one hand, as Elon Musk’s developments continued, an important news came from Twitter today. Founder and former CEO of Twitter Jack Dorsey leaves Twitter’s board of directors† Dorsey’s departure was actually planned when he stepped down as CEO last year. So this change was not a surprise.