Tesla CEO Elon Musk becomes Twitter’s partial owner, buys 9.2 per cent stake in the firm
Tesla and SpaceX CEO Elon Musk, who uses Twitter for a variety of purposes ranging from aggravating US authorities with business-related tweets to ridiculing world leaders, has purchased a 9.2 percent stake in the Parag Agrawal-run site, Twitter revealed on Monday.
The unexpected announcement caused Twitter shares to rise nearly 23% in pre-market activity.