Tesla CEO Elon Musk has already made an offer to the company’s board of “best and latest” according to the source. It offers $54.20 in cash per share. Actual price is slightly lower.

Musk is the master of Twitter

In a letter sent by Musk to chairman of the board, Brett Taylor, he said Twitter needed to be private to make the changes it needed.

I invested in Twitter because I believe in Twitter’s potential to be a worldwide platform for freedom of expression, and I believe freedom of speech is a societal imperative for a functioning democracy.
Musk writes.

Twitter issued a press release confirming Mask’s offer. “The Twitter board will carefully consider the proposal to determine a course of action that it believes is in the best interest of the company and all shareholders,” he said.

The current fortune of the entrepreneur is about 260 billion dollars. Twitter has a market capitalization of approximately $37 billion. But Mask’s Twitter offering is worth about $43 billion, up $6 billion.

My offer is the best and final, and if it is not accepted I will have to reconsider my position as a shareholder. Twitter has enormous potential. i will open,
– He sums up Musk in his letter.

How do stocks react?

• Against the background of this news, Twitter shares rose again, as in early April, after Tesla’s chairman announced that he is now a shareholder in the social network and has acquired more than 9 percent of the company.
• This time the growth was 13%.
• But Tesla’s shares fell 1.5 percent.
• This is due to fears that Musk, who currently owns SpaceX, The Boring Company and Neuralink, will keep him from running the auto company, which will worsen the results of his work.