Elon Musk Takes 9.0% Stake In Twittwer

Elon Musk Now Owns A Sizable

Chunk of Twitter, with a Securities and Exchange Commission filing revealing that Tesla chief took a 9.2% stake in the social media site. 

That Makes Elon Musk

Its biggest stakeholder, as reported by Bloomberg. The Tesla boss is among the social media platform's most prolific users. 

The Stake Is Worth

The shares are worth $2.89 billion, based on Twitter's closing price Friday, according to CNBC 

Musk's Tweets Got Him Sued

By the SEC in 2018, when he told his then 22 million followers on Twitter at the time he was ready to take Tesla private. 

The Regulator Sued

Musk for 'false and misleading' statements to the electric car company's investors. 

They Reached A Settlement

That saw Musk and Tesla each paying $20 million and gave SEC oversight over some of Musk's social media posts. 

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