There are 420 reasons why Elon Musk could be acting like this, but here are the three most likely.
My offer was based on Twitter’s SEC filings being accurate.This deal cannot move forward until he does.Anyway, it is all odd behavior from a man concerning a $44 billion purchase he agreed to make less than a month ago. Musk’s brand of being himself in recent days has spawned a lot of theorizing about his endgame, including if there’s an endgame in the first place.
, reported that Musk told a tech conference in Miami on Monday that it was “not out of the question” that he’d close the deal at a price lower than the $54.20 per share he agreed to pay in April.Musk is fighting an uphill battle here, according to pretty much every mergers-and-acquisitions expert who’s been quoted in any media about the deal in recent days. The
has a nauseating amount of fine print, and one of the things crystalized in that fine print, barring some absolutely world-class lawyering by Musk’s camp, is that Muskunless one of three things happens: 1) It comes to light that Twitter misled him about its business in a serious, serious way that materially changes Twitter’s future outlook. 2) The banks loaning Musk billions of dollars to close the deal suddenly yank back their money for some reason. Or 3) Musk pays that $1 billion fee.
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