Elon Musk Says He’s ‘Obviously Knows He is Overpaying’ for Twitter

Elon Musk stated that he and other investors are “obviously paying” for Twitter Inc.

Tesla Inc. Chief Executive Officer said that he was “excited” about Twitter’s situation, describing it as an asset that “sort of languished for quite a while but has “incredible potential.”

Musk stated that the company’s long-term potential was “order of magnitude higher than its current value”, during Wednesday’s quarterly earnings call.

After Musk’s comments, Twitter shares rose 1.6% in trading after hours in New York.

Musk has until Oct. 28 to meet a court order and close his $44 billion purchase.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.