Tesla Founder Elon Musk Buys Twitter

Billionaire Tesla CEO Elon Musk has bought Social Media platform Twitter. Tesla founder Elon Musk owns several other big and successful companies, namely SpaceX, Neuralink and The Boring Company. Elon Musk Tesla cars are popular in the States and further afield. He has bought Twitter for $44 billion.

Elon Musk has secured the deal after a week-long negotiation. He is now Twitter’s largest shareholder. Billionaire Tesla CEO Elon Musk is considered the richest person in the world. He bought Twitter for $54.20 a share equating the $44 billion deal.

What’s in the Pipeline for Elon Musk Tesla Owner’s Latest Acquisition (Twitter)?

Elon Musk wishes to make the company private. He shares Twitter co-founder as well as ex-CEO Jack Dorsey’s sentiment that going into a private capacity is the right first step. Dorsey said the company “had been owned by Wall Street as well as the ad model”. Twitter’s board approved the sale, yet the deal still needs approval from shareholders and will be subject to regulatory review.

The deal is expected to close in the next 3-6 months. Shareholders need to decide if this deal is the best they can get with Twitter or whether they will go without Musk. If Elon Musk has a deal worth accepting shareholders will be able to sell their shares at $54.20 each.

Billionaire Tesla CEO Elon Musk is in Pursuit of Free Speech with Twitter

Elon Musk has said that Twitter hinders free speech and censors things in a past statement. He plans to lessen Twitter’s content moderation rules and pull back aims to get rid of the platform’s bad actors that violate service guidelines.

Elon Musk has arranged the addition of an edit button for Twitter which is currently being developed. He aims for users to subscribe to Twitter Blue so customers can pay with his cryptocurrency of choice: dogecoin. Elon Musk also aims to make the algorithm open source to increase trust in the platform. He also plans to eliminate spambots and to authenticate all real humans with some sort of badge.

Elon Musk Tesla Cars Owner Aims Not To Lay Off any Twitter Employees Now

No layoffs are planned for now of the 7, 000 employees but once the deal closes things may change. The platform may receive some volatility going forward.

Getting Breakdown Protection for Your Tesla

We have filled you in on the details of Elon Musk’s acquisition of Twitter, one of several very successful companies that the billionaire owns. Elon Musk founded and is CEO of Tesla cars as well. If you own a Tesla X that is 8 years old and has 150, 000 miles on the odometer your Battery and Drive Unit Limited factory warranty will have expired. You will need to decide if you would like to invest in coverage for the above example. 

We offer a variety of top third-party protection plans on Chaiz. The term vehicle service contract is frequently referred to as an extended warranty. These are offered to you by third-party providers on Chaiz. Type in your Tesla’s details onto the Chaiz search tool and choose your favorite coverage plan from there.

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Tesla X Vehicle Service Plans Cost

For the example of a Tesla X that is 8 years old and has 150, 000 miles on the odometer, a bumper-to-bumper or exclusionary warranty is the most comprehensive option and will cost $92. This is offered to you by servicecontract.com, a third-party warranty provider on Chaiz. This option covers your car for 3 years or 50, 000 miles. A powertrain plus vehicle service contract will cost $63 and will cover your car for 3 years or 50, 000 miles also offered to you by servicecontract.com on Chaiz. Powertrain plus plans are slightly cheaper and slightly less comprehensive. As can be seen, buying coverage for your Tesla is a worthwhile idea with Chaiz. Our platform is easy-to-use and affordable too.

Elon Musk Owner of Tesla and Twitter is Making Moves

Owning a Tesla is a green choice in today’s world. If you buy one you are investing in Elon Musk’s company. Elon’s ventures have been very successful to date. Keep an eye on Twitter going forward to see what changes Elon makes to the social media platform, which will affect your use of the platform. If you own a Tesla ensure you have coverage for yours today with Chaiz and make sure your car’s repair costs will be covered when you break down.

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