Billionaire and Tesla CEO Elon Musk on Thursday offered a "best and final" bid to purchase 100 per cent of microblogging site Twitter for USD 41.39 billion with $54.20 per share in cash.
In a surprise turn of events in the Twitter buyout saga, Tesla CEO Elon Musk has reportedly offered to proceed with his $44 billion purchase of the microblogging website. Musk is proposing to continue with $54.20 per share to buy Twitter, Reuters news agency reported citing Bloomberg News. After the news broke, Twitter's share price increased to 12.7 per cent before trading was stopped for the second time.
Tesla CEO Elon Musk on Friday said that the deal to buy the social media platform Twitter is put on hold due to the calculation of fake accounts in it. "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5 per cent of users," Musk tweeted. Media reports said Twitter shares fell by 20 per cent in early trading after this announcement.
Musk also heard the tale of 4-year-old Israeli-American Avigail Idan, who was taken to Gaza and freed on Sunday as a result of a hostage negotiation.
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The large share purchase would give the corporate raider significant voting rights, which could then be used to push changes in the company's leadership and management. This would increase share value and thus generate a massive return for the raider. "Taking Twitter private at $54.20 should be up to shareholders, not the board," Musk tweeted with the opinion poll with two options 'Yes' and 'No' . Implying that shareholders have to decide as they own the company, not the board of directors.
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
UN Secretary General Antonio Guterres had also made an impassioned plea for the UN to reflect today's world.
Trump bought the car in a show of support for Musk's electric vehicle company, which is facing a major backlash because of the Tesla CEO's work to advance the President's political agenda.
The announcement came late Monday evening - and broke the internet. Elon Musk, the world's richest man, had bought microblogging site Twitter for a neat $44 billion. The little blue bird, which is known to take on many avatars depending on the mood, leanings and interests of who it is chirping for, went into overdrive. While some Twitter users flooded the site with memes and humorous takes on the move, the deal also had a fair share of critics.
President Donald Trump has said if Elon Musk's Tesla built a factory in India to avoid that country's tariffs, it would be unfair to the US. Trump's comments came amid moves by him to increase tariffs significantly. On February 13, hours before Prime Minister Narendra Modi's bilateral meeting with Trump at the White House, the US President announced reciprocal tariffs.
As per The Verge, the lawsuit was filed in Delaware's court of chancery on Tuesday, accusing Musk of hypocrisy.
Tesla is set to officially enter the Indian market with the launch of its first experience center in Mumbai. The move follows leasing of warehousing space and discussions with the Indian government regarding tariffs and manufacturing.
Reacting to Musk's letter, Twitter's board chair Bret Taylor said on Saturday that they will file a lawsuit against the Tesla chief to 'force him to buy the social media company on the agreed terms'.
In a post on X, Khosla said that it is hard for him to support someone like Trump, a Republican, who has "no values, lies, cheats, rapes, demeans women", and "hates immigrants" like him.
Protesters across the United States and Europe have gathered outside Tesla dealerships to express their opposition to billionaire Elon Musk's involvement in the US government, Al Jazeera reported.
Twitter users voted on Monday for Elon Musk to quit as head of the social media giant in a poll the technology tycoon ran on his future and promised to abide by its results.
Despite India's electric passenger vehicle market experiencing an 83.6% year-on-year surge in FY26, new foreign entrants VinFast and BYD have significantly outpaced Tesla, which struggles with high import duties, a limited retail footprint, and a lack of local manufacturing commitment.
In September, Tesla and VinFast accounted for less than 0.5 per cent of all EV registrations.
Prime Minister Narendra Modi will meet over two dozen thought leaders from various walks of life in New York on Tuesday.
Replying to a link to the story posted on Twitter, Musk described the report as "total bs". "This is total bs. Sergey and I are friends and were at a party together last night," Musk tweeted. Musk said he has seen Brin's wife twice in three years, both times in the presence of other people, and there was "nothing romantic" between the pair.
Trump's latest statement comes after Elon Musk strongly criticised the US President's "big, beautiful bill" and stressed that it is time for a new political party that cares about the people.
Tech billionaires shadowed US President Donald Trump at the inauguration on Monday.
Tesla and SpaceX CEO Elon Musk has announced plans to visit India later this year. The announcement follows a conversation with Prime Minister Narendra Modi, where they discussed potential collaborations in technology and innovation.
The Delhi high court has granted interim injunction in favour of US-based Tesla Inc by directing Indian company Tesla Power India not to use trademarks 'Tesla Power' or 'Tesla Power USA' in any form, including manufacturing of electric vehicles.
Recently, world headlines buzzed with Elon Musk's announcement that he was shelving his audacious bid for social media platform Twitter. Away from the media spotlight, questions are being asked about the maverick billionaire's plans in India, too. A few days ago, a Reuters report said Musk's flagship Tesla had put on hold its plan to launch electric cars in India.
In a post on the microblogging platform X, Elon Musk shared his photograph along with former US President Donald Trump.
US President Donald Trump and Chinese President Xi Jinping began a crucial two-day summit in Beijing on Thursday, with both leaders signalling a desire to stabilise relations between the world's two biggest economies despite deep disagreements on trade, Taiwan, technology and security issues.
Tesla's official entry into the Indian market is expected in the final quarter of the current financial year.
Prime Minister Narendra Modi on Tuesday met prominent US personalities from different walks of life, including Tesla CEO Elon Musk who asserted that India has more promise than any other large country and that he is incredibly excited about its future.
Elon Musk, the owner of Twitter, said he has "killed" the new 'official' label for certain verified Twitter accounts just hours after the feature was visible on multiple handles of governments, politicians, officials and media houses. Just hours after the feature went live, he hinted that it simply didn't work. "I just killed it," he said in a tweet replying to a web video producer Marques Brownlee's tweet of the 'official' label vanishing after a brief appearance.
The feud reached its peak when Musk made explosive allegations about Trump's connection to disgraced financier Jeffrey Epstein, marking a dramatic escalation in their increasingly personal conflict.
Joined by high-profile figures like Tesla owner Elon Musk and his running mate, Senator JD Vance, Trump (78) made a passionate plea to "defeat" Vice President Kamala Harris, the Democratic candidate in the November 5 presidential poll.
Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut."
Tesla CEO Elon Musk made a jibe at American singer songwriter Taylor Swift who threw her support behind Vice president Kamala Harris for the next President following a high stakes debate with former president Donald Trump.
Musk also said that there will be a vote for major policy changes on Twitter.
Under the terms of the deal, shareholders will receive USD 54.20 in cash for each share of Twitter stock they own, matching Musk's original offer and marking a 38 per cent premium over the stock price the day before Musk revealed his stake in the company, CNN reported.
Global EV giant Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country, Union Heavy Industries Minister H D Kumaraswamy said on Monday.
While Elon Musk's political influence continues to grow, his business empire is witnessing headwinds.
American electric carmaker Tesla has opened recruitment for various roles in India, including business operations analyst and customer support specialist, in what could be a precursor for the company's entry into the country. As per the job postings on the company's website, the posts are for the 'Mumbai Suburban' area.
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