Musk has been making Twitter-related headlines recently, and this news comes hot off the heels of the Tesla CEO's recent survey, questioning users whether or not Twitter "adhered to free speech."
Elon Musk and Twitter
Last month, Musk ran a survey—ironically on Twitter itself—asking users whether or not the social media platform "rigorously adhered" to the principle of free speech.
Of over 2 million respondents, 70% said Twitter did not adhere to this principle.
Just yesterday, Musk announced a 9.2% stake in Twitter. The Tesla CEO purchased 73,486,938 shares of common stock, with TWTR trading at $39.31 at Friday's close last week. This brought his total purchase to more than $2.8 billion.
According to a regulatory filing, Musk can now up his Twitter stake to 14.9%, but no higher—a measure to prevent the Tesla CEO from taking control of the company itself.