It is a strange story that keeps getting weirder.
Musk bought a 9% stake in the company last week, making him the largest shareholder.
Things got very strange over the weekend, and after a series of strange statements, Musk has reversed his plans to join the social media giant's board.
Here is how it ended. After the purchase was announced, news emerged that Musk would join the board.
Over the weekend, Musk revealed that he had a lot of plans in the works to change the company.
The company's board may have objected to those kind of suggestions. Musk told Parag that he wouldn't be joining the board.
I believe this is for the best and we will always value input from our shareholders. We will be open to his input, as he is our biggest shareholder.
The incident leaves a lot of unanswered questions. Was Musk ousted because of his crazy behavior? Is he aware that he would be pushed out of the company?
This is where it gets even weirder. According to tech journalist Alex Kantrowitz, Elon switched his paperwork last week from passive to activist investor.
He is no longer bound by the agreement that caps the amount he can own. From here, it's getting more interesting.
Is Musk going to take over the company or is he just looking for a way out? Billions of his dollars are tied up with the company.
The billionaire's motives are not clear. We have to wait and see what happens next to get a sense of an end game.
Musk will not join the board.
There are a lot of plans for Musk.
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