Tesla chief exectutive Elon Musk now has a 9.2 per cent stake in social media platform Twitter, according to a US securities filing.The news saw Twitter shares rise by around 25 per cent in pre-market tradingMr Musk purchased 73,486,938 shares on March 14, the filing revealed on Monday.80 million Twitter followersBut on March 25, he tweeted that he was giving "serious thought'" to creating a new platform, asking his followers if they thought Twitter encouraged free speech.
Mr Musk's Tesla posted disappointing first-quarter production numbers, despite 310,000 vehicles delivered. Last month, he asked a US judge to nullify a subpoena from securities regulators and discard a 2018 court agreement in which he had to have pre-approval of his Twitter posts. Mr Musk's revelation about his stake in Twitter shares comes two days after Tesla posted lacklustre first-quarter production numbers.
While the company delivered 310,000 vehicles in the period, the figure was slightly below expectations.
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