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Elon Musk just changed his mind.
The founder of Tesla (NASDAQ: TSLA) is canceling his legal battle. And he’s going to follow through and buy Twitter (NASDAQ: TWTR).
The Twitter showdown has been a huge distraction from Elon Musk’s Secret Master Plan 3.0.
Go here for the confidential plan – you’ll want to BUY these stocks ASAP.
Twitter received a letter yesterday from Elon confirming his plan to follow through on the acquisition. According to Twitter:
“We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share.”
Musk had agreed to buy Twitter on April 25. A few weeks later, he started voicing concerns about the deal. And by July he attempted to terminate his agreement.
Now, he says the deal is back ON. And he plans to close the transaction according to the original teams.
The reversal comes just days before a trial between Twitter and Musk. A Delaware court was set to begin hearings on October 17.
Musk will acquire Twitter in a deal valued at $44 billion.
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That means he’ll pay $54.20 per share to buy the entire company.
Twitter shares were recently trading in the low $40s. The discount to the buyout price reflected the risk that Musk would not follow through with his purchase. Or that the deal would be renegotiated at a lower price.
Shares of TWTR jumped 22% on yesterday’s news.
The stock opened Wednesday trading at $50.38 – a discount to the buyout price. And that creates an arbitrage trading opportunity with Twitter stock.
For example, you could buy TWTR shares today at just over $50. If Musk could close the deal within a week or two – you’ll be paid $54.20 for your stock. That results in a nearly risk-free 7.6% return.
Of course, with Elon Musk there’s always the risk that he’ll change his mind. Again.
Frankly, it doesn’t matter to me whether Musk buys Twitter or not. This whole Twitter buyout has overshadowed the far bigger opportunity. It’s even possible that Elon is INTENTIONALLY using this to distract from his bigger plans.
You see, Elon Musk is secretly working on what he calls The Master Plan 3.0.
Tesla is quietly revealing groundbreaking deals including…
- $730 million deal to buy lithium from a NON-China producer
- $1.7 billion deal to buy nickel – one of the most overlooked battery metals
- Application to build a lithium refinery in Texas – likely a multi-billion-dollar project
Elon isn’t issuing press releases to announce these deals. He isn’t jumping on stage to broadcast his plans. And he isn’t even sending out Tweets to share the news.
Nope.
News of these types of deals is often buried in lengthy filings with the SEC. Or in the case of the lithium refinery – the news comes from an application with the state of Texas.
You see – Elon is preparing to release his 3rd Master Plan. And it’s critical that you act now – before the news is out.
IF you bought shares when Master Plan #1 was released – you’d be up 24,017%.
IF you bought shares when Master Plan #2 was released – you’d be up 1,766%.
Elon is now preparing to release Master Plan #3. And you could see similar gains – WITHOUT buying Tesla stock.
Click here to discover everything.
Yours in Wealth,
Ian Wyatt