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Elon Musk’s Twitter deal delayed: likely negotiation tactic.
Elon Musk, the CEO of Tesla and SpaceX, has been in the news lately for his Twitter deal that has been delayed. The deal, which was supposed to be announced in early August, has been postponed due to negotiations between Musk and the Securities and Exchange Commission (SEC).
The Twitter deal is a part of Musk’s settlement with the SEC, which was reached in 2018 after he tweeted about taking Tesla private at $420 per share. The SEC accused Musk of securities fraud, and he was forced to step down as chairman of Tesla and pay a $20 million fine.
As part of the settlement, Musk agreed to have his tweets about Tesla pre-approved by a company lawyer. However, in February 2019, Musk tweeted about Tesla’s production numbers without approval, which led to the SEC filing a motion to hold him in contempt of court.
The Twitter deal was supposed to resolve the issue, but it has been delayed due to negotiations between Musk and the SEC. Some experts believe that the delay is a negotiation tactic by Musk, who is known for his aggressive approach to business.
Musk has been vocal about his disdain for the SEC, calling it the “Shortseller Enrichment Commission” in a tweet last year. He has also been critical of the agency’s handling of his case, saying that it was “unjustified” and “unconstitutional.”
Despite the delay, Musk remains active on Twitter, where he has over 37 million followers. He often uses the platform to make announcements about Tesla and SpaceX, as well as to engage with his followers.
The delay in the Twitter deal is just the latest in a series of controversies surrounding Musk. In addition to his legal troubles with the SEC, he has also been criticized for his management style and his comments about the COVID-19 pandemic.
Despite these challenges, Musk remains one of the most influential and innovative entrepreneurs of our time. His companies, Tesla and SpaceX, are at the forefront of the electric car and space exploration industries, respectively.
As for the Twitter deal, it remains to be seen when it will be announced. However, one thing is certain: Elon Musk will continue to be a force to be reckoned with in the business world.