Tesla’s CEO, Elon Musk, was responding to a query during a conference call following the release of the company’s quarterly report. After initially attempting to back out of the $44 billion transaction, the world’s richest person is moving forward with the purchase of Twitter.
Twitter, according to Musk, had “languished” for a very long period. “It is clear that I and the other investors are now overpaying for Twitter. In my opinion, Twitter’s long-term potential is by an order of magnitude more than its current valuation “said he.Musk also discussed Tesla on the same conference call and seemed upbeat about it. Currently valued at less than $700 billion, Tesla
