Elon Musk teases people with his own new social media site X.com

X.com used to be the domain name of a startup Musk founded two decades back, which he later merged with financial services company PayPal

Elon Musk teases people with his own new social media site X.com

Tesla CEO Elon Musk said he would repurchase Tesla stock if the Twitter deal did not close. Pic/AFP

Amid his ongoing legal battle with Twitter, Tesla CEO Elon Musk has teased people and followers around the world with the launch of his new social media website called X.com.

X.com used to be the domain name of a startup Musk founded two decades back, which he later merged with financial services company PayPal.

When asked has he thought about creating his own social platform if the Twitter deal doesn't come through, Musk replied: "X.com."

After selling his electric vehicle company shares worth nearly $7 billion, the Tesla and SpaceX CEO said he would repurchase Tesla stock if the Twitter deal did not close.

When asked by a user on the microblogging platform if he is done selling Tesla stock, the tech billionaire replied affirmatively.

"Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners do not come through, it is important to avoid an emergency sale of Tesla stock," Musk wrote on Twitter.

Meanwhile, while replying to another user who asked "If the Twitter deal does not close, will you buy Tesla stock again," Musk replied, "Yes."

As per a report, Musk sold 7.92 million company shares worth around $6.88 billion.

Musk's transactions occurred between August 5 and August 9, the US Securities and Exchange Commission (SEC) filings revealed, following Tesla's 2022 annual shareholder meeting on August 4 in Austin, Texas.

Musk and Twitter are locked in an intense legal battle over cancellation of the $44 billion takeover deal, and the five-process will start in a US court from October 17.

Also Read: Twitter users may soon be able to post images, videos in one tweet

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels