Several lawsuits have already been filed against the Tesla billionaire.
(Photo: Getty Images)
Elon Musk has done great things. Not only did he build up the e-car manufacturer Tesla and make it big, but he also revitalized the entire field of e-mobility. With SpaceX he reinvented commercial space travel. However, as the richest person in the world with an estimated fortune of $265 billion, he seems to have lost his grip on reality.
In April, he signed a legally binding deal to buy short messaging service Twitter for $44 billion. If the deal had been closed directly at the time, Musk could have been celebrated financially for it.
>> Read here: Elon Musk wants to burst Twitter purchase – “disaster for Twitter”
But the forces on the stock markets have shifted. Tech stats have been penalized. Twitter rival Snap has lost 65 percent of its value since the beginning of the year. Paying $44 billion for Twitter today seems way too much.
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