This article claims he was not born rich. Is it a fake story?
Was Elon Musk Born Rich? (Complete Story)

Missed the whole point of this exercise. It was to expose Twitter's fraud and it's going to come out in the trial, if it ever gets that far. Twitter execs fell right into the trap. Mwaaa ha ha!

It will be interesting to see how this develops. $44 billion is not chicken feed for anyone, including Musk. Of course, for some business people, litigation is just another negotiation tactic, but an early trial date puts a lot of pressure on Musk. The full Complaint can be found with a Google search - interesting reading. More specifically, the following is paragraph 4 of the Complaint, which is referring to the $44 billion purchase price.

"That price, presented by Musk on a take-it-or-leave-it basis in an unsolicited public offer, represented a 38% premium over Twitter’s unaffected share price. The other terms Musk offered and agreed to were, as he touted, “seller friendly.” There is no financing contingency and no diligence condition. The deal is backed by airtight debt and equity commitments. Musk has personally committed $33.5 billion."

The absence of a diligence condition, if accurate, and its relevance to Musk's subsequent demand for fake account information, would seem to be important issues for the court. Also, I wonder how the court will handle Twitter's request to compel completion of the deal. Twitter alleges that it negotiated a strong provision in the agreement to compel Musk to complete the deal. We will see how this all plays out.

Shhh. Don't criticize fake news. You will get yelled at. When he started his first company he was $100,000 in debt (student debt).

Might be.

Might be that this is just a "negotiating ploy". At that level of business knives are out and dirty tricks are coming. He could have pulled out to drive the stock price down, so Twitter would be in a difficult position. My understanding is that he has $1B in jeopardy (penalty for bailing on the deal) and so, if he drives the price down just $2B from the original $45B (say down to $43B) then he risked $1B to save $2B (or more.)

Since I expect NONE of us are included on his private emails, I seriously doubt any of us KNOW what he is doing or trying to do. So many people accept what they see/hear/read today, and so many people in power lied so often that it boggles my mind to read all the statements made here with so much confidence... LOL!

Exactly, and I expect no one here knows exactly what his end game is...

Just my opinion ...
I think u might be a tad jealous as he has done so much in his life time compared to 99.9% besides building incredible wealth
and he has assembled successful teams for Tesla Batteries and space travel . Sounds pretty good to me and how old is he ?

Musk
 

Musk likes the limelight and having his pic in the news so when Twitter banned Trump Musk jumped up and said he would buy it - not smart just impulsive. Later he realized oh hell I don't want that I want out

I would never question Elon Musk's reasons for anything. He just may have accomplished what he set out to do. No one is in his head and he is an eccentric guy!

Jealous? I'll have to think about that.

I just thought it was a bad business deal and I gave my reasons.

Can I assume this is your opinion and not something Elon told you? Because, presuming WHY someone else does things, always starts with why I would do it, and since I have never had the pleasure of being the richest man in the world, I have no idea what motivates him.

Exactly, perfectly said.

I'm jealous of him. I thought I had the drive to succeed when I was younger but NOTHING like this guy.

Don't forget, a Billion isn't what it used to be. This is partially entertainment for him. Watching his competition twist over him getting involved.

He had a plan since the beginning and it is just unfolding now. I this doesn't work it's onto plan B. He has got this. He will end up owning Twitter for considerably less money. Mark my words.

Do you really think the oil companies are not drilling in the US because of the banks not wanting to lend them money? Seriously?

Yes, I think the fact they already have about 1,000 permits and are not drilling and the fact that they normally borrow the money to drill and the fact that they are already running at 100% (95% to 98%) capacity combine all those and they are not drilling. Also, don't forget drilling a new well takes a couple years to come online and be productive. So, year, I think a leading contributor is lack of enthusiasm by their banks is a big cause. OH, and lack of workers because of COVID.

Here is an NPR article on it.

3 reasons why Big Oil can't simply drill to ease high gas prices : NPR