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Expert speculates Elon Musk’s $44B Twitter takeover is all a ploy to liquidate Tesla shares

Some analysts are speculating that Elon Musk’s $44 billion bid to buy Twitter was ‘a ruse’ and an excuse to sell off some of his stake in Tesla.

Musk sent heads spinning on Friday morning when he tweeted that his bid was ‘on hold’ as he sought more information about fake accounts on Twitter. Hours later he tweeted that he was ‘still committed’ to the deal.

Analysts called Musk’s announcement ‘laughable’ and ‘farcical’, speculating that Musk planned to negotiate a lower price for the deal, or walk away and pay a $1 billion termination fee after market winds shifted against him in recent weeks.

Speaking before Musk’s Friday tweets, CNBC contributor Dan Nathan speculated that the entire Twitter takeover was an elaborate scheme to allow him to liquidate his stake in Tesla.

Analysts are scratching their heads regarding Elon Musk's true motives after he said he was putting his Twitter takeover 'on hold' in a tweet on Friday


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