Elon Musk, the CEO of Tesla and Space X and the world’s richest man has hinted at the launch of his own social media platform, X.com amid the legal battle between Twitter.
X.com used to be the domain name of a startup that later merge with PayPal, a financial services app developed by Musk.
When Elon Musk was asked about him creating a new social media platform, he replied by saying “X.com”
Musk sold $7 Billion worth of his Tesla stock and said that he would repurchase those shares if the Twitter deal does not go through.
According to a report, Musk sold 7.92 million shares of Tesla which were worth around $6.88 billion.
When asked by a user on the microblogging social media platform if he is done selling Tesla stock, he replied affirmatively.
“Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners do not come through, it is important to avoid an emergency sale of Tesla stock,” Musk wrote on Twitter.
Meanwhile, while replying to another user who asked “If the Twitter deal does not close, will you buy Tesla stock again,” Musk replied, “Yes.”
