Tesla CEO clarifies that his cryptic ‘moving on’ tweet meant that he was done with making fun of Bill Gates

  • The Wall Street Journal reported that Twitter is taking a fresh look at Musk’s $43B takeover offer, and is more likely than before to seek to negotiate
  • They are expected to comment on Musk’s bid during first quarter earnings report on April 28
  • Elon Musk made a cryptic post on Twitter Sunday morning, saying he was ‘moving on’ in what many believed was in reference to his ongoing takeover bid 
  • ‘Moving on …’ Musk tweeted on Sunday. The post already had over 136,000 likes, 11,000 retweets and over 2,400 quote tweets as of Sunday morning 
  • Later on, Musk clarified the tweet saying ‘moving on’ was in reference to ‘making fun of Gates for shorting Tesla while claiming to support climate change action’
  • He had committed $21 billion in equity, $13 billion from Morgan Stanley in debt facilities and another $12.5 billion from the bank and others in margin loans
  • Earlier this week, Twitter filed its ‘poison pill’ defense with the SEC in a last ditch attempt to prevent him from increasing his stake in the firm further