Tesla shares worth approximately four billion dollars reportedly offloaded by Elon Musk.
Elon Musk's acquisition of Twitter for $44 billion in April this year has set off a series of events that have shaken the tech world and sparked debates about content moderation and civil rights.
Musk's takeover of Twitter marked the beginning of a turbulent period for the social media giant. He initially attempted to back out of the deal, but later went ahead with the acquisition and took control in late October, resulting in the firing of half of its staff. This drastic move was followed by an overhaul of the company, which has raised concerns about the platform's future and its role in the digital landscape.
The new owner's focus on "free speech" has raised fears about potential increases in hate speech and misinformation. This approach has sparked a debate about Twitter's role in civil rights and content moderation, with the United Nations urging Musk to make respect for civil rights a concern for the social network.
The uncertainty and volatility around Musk's management style evoke concerns that content moderation policies might become less restrictive, possibly impacting civil rights protections negatively on the platform.
Musk's acquisition of Twitter has also had a significant impact on Tesla's stock. Initially, Tesla shares experienced significant declines following the Twitter deal announcement, influenced by broader market sell-offs and worries about Musk’s focus splitting between Twitter and Tesla.
Moreover, Musk sold a total of $19.5 billion worth of Tesla shares to fund his Twitter acquisition, contributing to a major sell-off of tech stocks, including Tesla, which saw a plunge partly due to concerns about Musk’s involvement with Twitter.
Despite these challenges, Musk secured large Tesla stock awards worth tens of billions of dollars in 2025 amid legal challenges concerning his pay, reflecting Tesla’s effort to keep him as CEO despite stock price volatility and shareholder concerns.
In summary, Musk's Twitter acquisition has financially unsettled Tesla's stock and intensified scrutiny on his leadership, while raising significant questions about the future of content moderation and civil rights on Twitter.
Meanwhile, numerous top brand names have put their advertisement acquires on hold on Twitter, uneasy regarding Musk's well-known ridicule for web content controls. Jack Dorsey, the co-founder of Twitter, tweeted an apology for the expansion of the website, in response to news of shootings.
Musk has proposed a plan to bill users $8 a month for confirmed accounts as a means for social media sites to earn money after the buyout. However, the implications of this move remain to be seen.
As the trial looms, Musk has revitalized his takeover strategy, aiming to navigate the challenges and shape the future of Twitter according to his vision. The coming months will be crucial in determining the long-term impact of Musk's acquisition on Twitter and its users.
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