Twitter says Elon Musk is trying to abandon his deal to buy the company because his Tesla shares tanked

The company filed a lawsuit against Musk over his attempt to stop the takeover.

The real reason Musk wants to walk away from the deal is because his stock price has fallen since he agreed to buy it, according to the company.

Since April 25, when the proposed takeover by Musk was announced, the shares of the electric car maker have fallen more than 30%.

According to the lawsuit, Musk's personal wealth has fallen as a result.

Since the deal was struck, the net worth of Musk has fallen by $65 billion.

Musk doesn't want to stay." According to the lawsuit, Musk wants to shift the cost of the downturn to the stockholders.

Musk said Friday that he wants to end the deal because he wasn't given enough information about bot accounts on its platform and that it didn't consult him on firing two executives.

In its lawsuit, the company said it "bent over backwards" to provide Musk with the information he requested, and that its agreement with Musk gave it the right to fire employees.

Since the market started turning, Musk has been acting against this deal, and has violated the merger agreement multiple times.

When contacted by Insider, Musk did not reply.