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Elon Musk announced on Twitter that he intends to “vote Republican” and warned of “political attacks” on him, the latest in a string of posts from the billionaire expressing dissatisfaction with Democrats and progressives.
Musk’s post comes after the Tesla CEO surprised investors this week by stating that his $44 billion plan to buy Twitter had been put on hold while he awaited further information about the social media platform’s phony and spam accounts.
Analysts believe the Tesla chief is attempting to back out of his ambitions to buy Twitter or buy the firm for a reduced price. His subsequent tweets, including one in which he claimed to be purchasing the site in order to “possess the libs,” have sparked more debate.
Musk warned on Wednesday that political attacks on him would “increase” in the coming months, and that he would no longer support Democrats since they were the party of “division” and “hate.” Musk, who describes himself as a “political moderate,” made a similar assertion earlier this week, claiming that he had previously supported Democrats but would now vote for Republicans.
Musk has grown increasingly critical of Vice President Joe Biden, whom he accuses of ignoring Tesla, his electric vehicle manufacturer. He’s also relocated his house and business from California to Texas, which has no state income tax, unlike the Golden State.
Federal officials have been watching Tesla’s CEO for quite some time. The Securities and Exchange Commission is apparently investigating Musk for failing to declare his 5% ownership in Twitter quickly enough, according to the Wall Street Journal. He was previously fined by the Securities and Exchange Commission (SEC) for tweets in 2018 claiming to have “got finance” to take Tesla private.
Elon Musk claims that Twitter has a “very far-left” bias and that he intends to correct it. He has also stated that he will reinstate Donald Trump, who was permanently banned by Twitter after his tweets were found to be “very likely to promote and inspire people to mimic the criminal activities” that occurred in the Capitol attack on January 6th.
The billionaire’s comments have wreaked havoc on Twitter’s stock and prompted suspicion about his reasons. In reaction to Twitter CEO Parag Agrawal’s spam tweets earlier this week, he posted a feces emoji. Because of the bogus accounts, Musk said earlier this week that he might try to get a lesser price for the company.
“A lot of elements come into play here,” he explained. “I’m still looking for a plausible explanation for the massive quantity of phony or spam Twitter accounts.” Twitter, on the other hand, will not tell us. “This seems odd.”
Musk’s deal to buy Twitter is legally binding, and if he backs out, he might be hit with a $1 billion break charge.
Twitter said in a statement on Tuesday that it is “committed to completing the deal on the agreed price and parameters as soon as practical.”