Tesla CEO Elon Musk becomes Twitter’s partial owner, buys 9.2 per cent stake in the firm

Tesla CEO Elon Musk becomes Twitter’s partial owner, buys 9.2 per cent stake in the firm

Tesla and SpaceX CEO Elon Musk, who uses Twitter for a variety of purposes ranging from aggravating US authorities with business-related tweets to ridiculing world leaders, has purchased a 9.2 percent stake in the Parag Agrawal-run site, Twitter revealed on Monday.

The unexpected announcement caused Twitter shares to rise nearly 23% in pre-market activity.

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