Musk's "On Hold" Tweet Was Frustration Play, Not Deal Killer, Adviser Testifies
Elon Musk's 2022 tweet pausing his Twitter acquisition offer masked continued deal work behind the scenes, according to testimony from his main financial adviser. The adviser characterized the public message as a reaction to frustration with Twitter rather than a genuine halt to negotiations. Musk's team continued working to advance the transaction even as the tweet signaled hesitation to the market.
The testimony provides a window into the gap between Musk's public posturing and private deal mechanics during one of the most volatile M&A processes in recent corporate history. For CFOs and deal teams, it underscores how public statements from principals—especially on social media—may not reflect actual transaction momentum or intent. The adviser's account suggests Musk maintained deal optionality while managing market perception through selective disclosure.
The full context of the adviser's testimony and any ongoing legal proceedings around the Twitter acquisition remain unclear from available details.
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