Musk reveals 9.2pc stake in Twitter, shares surge 26pc

musk

Tesla CEO Elon Musk reacts during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. AFP PHOTO | FREDERIC J. BROWN

What you need to know:

  • Tesla Inc Chief Executive Officer Elon Musk has built a 9.2 percent stake in Twitter Inc, a regulatory filing showed on Monday, potentially making him the biggest stakeholder in the micro-blogging site.
  • Twitter shares soared 26 percent in premarket trading after the filing, which comes close on the heels of Musk tweeting that he was giving "serious thought" to building a new social media platform.

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