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Team Eela
It’s tough to keep Elon Musk out of the news for a long time, whether it is Tesla, SpaceX, or Twitter. Elon Musk has been on a roll ever since his keen interest in buying Twitter Inc. The $44 billion deal to fully acquire the microblogging site is on the cusp of completion after Musk purchased the company last month.
The Tesla and SpaceX CEO is seen spending a lot of time on Twitter posting some exciting tweets regarding free speech, Twitter bots, and future of the company, etc. However, the 50-year-old says he spends less than “5 percent” of his time thinking about the Twitter deal.
Musk posted a picture on the microblogging site to show a woman as Tesla, who is upset by her boyfriend (Elon) checking out another woman (Twitter), captioning it, “So may seem like below, but not true.”
“To be clear, I’m spending <5% (but actually) of my time on the Twitter acquisition. It ain’t rocket science! Yesterday was Giga Texas, today is Starbase. Tesla is on my mind 24/7. So may seem like below, but not true,” he tweeted.
Since he disclosed his Twitter stakes in April, Tesla stocks have lost one-third of their value. He sold $8.5 billion worth of Tesla stocks to help finance his $44-billion Twitter deal.
Leo KoGuan, a Chinese-American businessman and a significant investor in Tesla, called on the electric carmaker to buy back shares.
“Tesla must announce immediately and buy back $5 billion of Tesla shares from its free cash flow this year and $10 billion from its free cash flow next year, without affecting its existing $18 billion cash reserves with ZERO debt,” KoGuan messaged Tesla’s head of investor relations, Martin Viecha via Twitter.
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