Elon Musk, the chief executive of Tesla and SpaceX, who is widely recognized as one of the wealthiest individuals on the planet, acknowledged that his own figures were part of a broader context when discussing the Twitter acquisition. He described the purchase price of about 44 billion dollars as an amount that reflected the strategic ambition behind the deal rather than a simple, on-paper valuation. In conversations with analysts following Tesla’s earnings report, he noted optimism about Twitter’s potential while also admitting that the price tag left room for debate and reflection on long-term value. He emphasized that the move should be viewed through the lens of what the social platform could become in coming years, beyond immediate market reactions. One clear takeaway from his remarks was a candid acknowledgment that his group, including other investors, paid more than some observers believed appropriate at the time, yet he argued that the platform’s enduring prospects could justify that investment in the long run. He pointed to the possibility of new features, expanded user engagement, and greater monetization opportunities as indicators of upside potential that could drive future value growth for shareholders.
Towards the start of October, a judicial decision required Elon Musk to complete the Twitter acquisition by a specified deadline if he wished to avoid potential legal consequences. The plan remained to adhere to the established agreement, with a price of 54.20 dollars per share, signaling a commitment to finalize the transaction under agreed terms as the process moved toward completion. This sequence underscores the balancing act between rapid execution and careful consideration of the financial and strategic implications tied to such a high-profile deal. (Attribution: public filings, earnings discussions, and court statements from the period)