Tesla CEO Elon Musk takes 9% stake in Twitter

4 April 2022

SAN FRANCISCO — Tesla CEO Elon Musk is taking a 9.2% stake in Twitter. Musk purchased approximately 73.5 million shares, according to a regulatory filing Monday.

Musk has been raising questions about the ability to communicate freely on Twitter, tweeting last month about free speech and the social media platform.

“Free speech is essential to a functioning democracy. Do you believe Twitter rigorously adheres to this principle?” he tweeted. In a separate tweet, Musk said that he was “giving serious thought” to creating a new social media platform.

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