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Elon Musk responds to a lawsuit filed against him on Twitter using his signature meme style

BusinessElon Musk responds to a lawsuit filed against him on Twitter using his signature meme style

Elon Musk, a billionaire who controls Tesla, released a witty comment late at night in reaction to Twitter Inc. plans to sue him and compel him to finish a $44 billion buyout of the firm. The CEO of Tesla Inc. and SpaceX tweeted a meme late on Sunday night, but he didn’t contribute any of his own words to it. The meme included photographs of him smiling, along with text that recounted one version of events that occurred during the preceding several months.

It shows a flippant attitude from the world’s wealthiest man toward what has been a complicated and costly arrangement that has dragged on Tesla shares and gone through numerous versions of interim financing. Specifically, the deal has hurt on Tesla’s ability to pay dividends.

Following the acquisition of a sizeable stake, which drove up the stock price, Musk agreed in late April to take Twitter private at a price of $54.20 per share. On Friday, Twitter share prices reached a low of $36.81, which is almost a third lower than the price of the acquisition agreement. Musk has voiced increasing unhappiness over the arrangement and stated that Twitter neglected to reveal critical facts, such as the particular amount of bogus and automated accounts on the site.

On Friday, Twitter Chairman Bret Taylor sent out a tweet in which he said that the company’s board of directors was “committed to finalising the acquisition on the price and conditions agreed upon with Mr. Musk and plans to take legal action to enforce the merger agreement.”

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