In response to the earlier sale of Tesla shares worth approximately $70 billion, Tesla CEO Elon Musk not only made a relevant response, but also revealed that if he was not forced to complete the acquisition of Twitter, he would establish his own online social platform, which might be named "X.com".
In fact, the "X.com" domain name was originally applied for by Elon Musk in late 1998 when he co-founded an online banking service. It later merged with the online payment service Confinity to become PayPal. Elon Musk later repurchased the "X.com" domain name from PayPal in 2017, but it's currently unused and only displays a blank page with a small "X" in the corner.
In response to questions on Twitter earlier, Elon Musk not only explained that his recent reneging on his promise to sell Tesla shares worth nearly $70 billion was actually a preparation for being forced to complete the acquisition of Twitter, but also revealed that if he is not ultimately forced to buy Twitter, he will establish his own online social platform and use "X.com" as the service name.
Yes.
In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock.
- Elon Musk (@elonmusk) August 10, 2022
- Elon Musk (@elonmusk) August 10, 2022
However, it is currently impossible to confirm whether Elon Musk will definitely use "X.com" to create an online social service, but he has indeed mentioned many times in the past that he hopes to establish an online social platform that realizes free speech.
Currently, Elon Musk and Twitter will confront each other in court. The former believes that Twitter has not fulfilled its responsibility to clarify the real data of fake accounts, so it refuses to continue the acquisition, while the latter accuses Elon Musk of affecting its stock price and asks the court to order Elon Musk to fulfill his contract and complete the acquisition.
