Tesla CEO Elon Musk has spoken out in regards to his agreement to buy Twitter on the original terms, after news broke on Tuesday morning.
Musk said just now, “Buying Twitter is an accelerant to creating X, the everything app.” When asked if it would be easier to build X from scratch, Musk replied, “Twitter probably accelerates X by 3 to 5 years, but I could be wrong.”
Buying Twitter is an accelerant to creating X, the everything app
— Elon Musk (@elonmusk) October 4, 2022
Twitter probably accelerates X by 3 to 5 years, but I could be wrong
— Elon Musk (@elonmusk) October 4, 2022
Currently, Musk owns the domain X.com, which was the online bank he co-founded by the Tesla CEO with others back in 1999. As it stands, navigating to x.com only shows the letter “x” in the top corner. It’s clear Musk likes the letter “X”. It’s in the name of SpaceX and also his son, X. There’s also the Tesla SUV, the Model X.
As for what would be included in “the everything app” called X? We assume it would be the Twitter social network alongside the ability to possibly send crypto payments. Musk is an advocate for the Dogecoin cryptocurrency, which is accepted on Tesla.com to buy select accessories.
It’s unclear if Musk will further sell Tesla stock to fund his Twitter purchase at $54.20 per share.
