Following Tesla CEO Elon Musk’s proposal to complete a buyout of social media platform Twitter, the company’s board has decided to accept the offer of $54.20 per share. Twitter confirmed the sale to Musk in a statement on Monday.
“Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.”
The transaction was unanimously approved by Twitter’s Board of Directors and is expected to close in 2022, subject to the approval of stockholders. Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing approximately $21 billion in equity commitment, the release said. There are no financing conditions to the closing of the transaction.
Twitter Board Chari Bret Taylor said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”
Twitter was advised by Goldman Sachs & Co. LLC, J.P. Morgan, and Allen & Co., with Wilson Sonsini Goodrich & Rosati, Professional Corporation and Simpson Thacher & Bartlett LLP serving as legal counsel. Morgan Stanley acted as lead financial advisor to Musk. Bank of America Securities and Barclays are also acting as financial advisors. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel, the release said.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”
“Twitter has a purpose and relevance that impacts the entire world,” CEO Paragf Agrawal said. “Deeply proud of our teams and inspired by the work that has never been more important.”
On Thursday, April 14, Musk Tweeted an SEC filing to complete a buyout of Twitter for $54.20 per share. It was Musk’s “best and final offer,” he said in the filing. “Twitter has extraordinary potential. I will unlock it.”
Twitter ultimately had to think about the decision, which would bring the company’s value to around $43 billion. “The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders,” the platform said in a statement on the day Musk submitted his offer shortly after 7 AM in New York.
In early April, it was revealed Musk had purchased over 9 percent of Twitter, making him the largest shareholder of the social networking company. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said on April 13.
The CEO has openly questioned the limitations of free speech on Twitter, going as far as putting out a poll. “The consequences of this poll will be important. Please vote carefully.” 70.4 percent of the 2,035,924 votes stated they did not believe Twitter “rigorously adheres” to the principle that free speech is essential to a functioning democracy.
Free speech is essential to a functioning democracy.
Do you believe Twitter rigorously adheres to this principle?
— Elon Musk (@elonmusk) March 25, 2022
Musk also appeared on a TED Talk with Head of Ted Chris Anderson on April 14, where the Tesla CEO stated the platform was an “inclusive arena for free speech” when answering why he decided to offer to buy Twitter.
“The civilizational risk is decreased more we can increase the trust of Twitter as a public platform,” Musk said during the interview.
Elon Musk says Twitter buyout inspired by need for ‘inclusive arena for free speech’
Musk, who has been Tesla’s CEO since 2008, had his offer considered for a day before Twitter seemed to be working toward declining the offer. The Board announced it would use a “poison pill” strategy, which made shares available at a discount to current shareholders.
However, Twitter shareholders began to pressure the platform’s board to accept Musk’s offer. The company then decided to meet with Musk on Sunday to discuss a potential deal, with more developments coming on Monday morning that seemed to indicate a deal would be complete. Ultimately, Twitter and Musk completed the deal on Monday morning.
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Tesla Cybertruck owners are wondering when they will get access to the company’s Full Self-Driving version 14.1 that rolled out to other owners today for the first time.
Cybertruck owners typically receive Full Self-Driving updates slightly later than other drivers, as the process for the all-electric pickup is different. It is a larger vehicle that requires some additional attention from Tesla before FSD versions are rolled out, so they will be slightly delayed. CEO Elon Musk said the all-wheel steering technically requires a bit more attention before rollout as well.
The all-wheel steering of Cybertruck requires a bit more Autopilot training
— Elon Musk (@elonmusk) October 7, 2025
After some owners got access to the v14.1 Full Self-Driving suite this morning, Cybertruck owners sought out a potential timeframe for when they would be able to experience things for themselves.
Tesla owners show off improvements with new Full Self-Driving v14 rollout
They were able to get an answer from Ashok Elluswamy, Tesla’s Head of AI, who said:
“We got you. Coming soon.”
We got you. Coming soon.
— Ashok Elluswamy (@aelluswamy) October 7, 2025
The release of FSD v14.1 for Cybertruck will not be tempered, either. Elluswamy then confirmed that Tesla would be rolling out the full-featured FSD v14 for the pickup, meaning it would be able to reverse and park itself, among other features.
Elluswamy said it would be capable of these features, which were void in other FSD releases for Cybertruck in the past.
Tesla’s rollout of FSD v14.1 brings several extremely notable changes and improvements to the suite, including more refined operation in parking garages, a new ability to choose parking preferences upon arriving at your destination, a new driving mode called “Sloth,” which is even more reserved than “Chill,” and general operational improvements.
Those who were lucky enough to receive the suite have already started showing off the improvements, and they definitely seem to be a step up from what v13’s more recent versions were capable of.
CEO Elon Musk called v14 “sentient” a few weeks back, and it seems that it is moving toward that. However, he did state that additional releases with more capabilities would be available in the coming weeks, but many owners are still waiting for this first version.
News
Tesla launches two new affordable models with ‘Standard’ Model 3, Y offerings
It is the first time Tesla has revealed any details about what it planned to launch in terms of its new, lower-cost vehicles, which are mainly aimed at countering the loss of the $7,500 EV tax credit.
Tesla has officially launched its affordable models with the new Model 3 and Model Y ‘Standard’ versions hitting the company’s Online Design Studio on Tuesday.
It is the first time Tesla has revealed any details about what it planned to launch in terms of its new, lower-cost vehicles, which are mainly aimed at countering the loss of the $7,500 EV tax credit.
Here’s what Tesla went with for its release of the new affordable models.
Tesla Model Y ‘Standard’
The Model Y Standard is a stripped-down version of the all-electric crossover and starts at $39,990.
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- Credit: Tesla
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- Credit: Tesla
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Deliveries are slated for November and December, the company says if you plan to order one, and it comes with a few major changes to improve efficiency and bring down cost for owners.
- New athletically tuned exterior and new alloy wheels to improve aerodynamics
- 15.4″ touchscreen in the front, the same as the other trims
- Available in three colors: Stealth Grey (free), White ($1,oo0 extra), Diamond Black ($1,500 extra)
- Textile and vegan leather interior
- Range sits at 321 miles
- New front fascia
- Covered glass roof (textile on inside)
- Windows are not acoustically laminated for a quieter cabin
- Manual mirrors and seats
- Smaller frunk
- No rear infotainment screen
- No basic Autopilot
- 69 kWh battery
- New 19″ Aperture wheels
- 0-60 MPH in 6.8 seconds
- 7 speaker stereo, down from 15 speakers in premium models
🚨 BREAKING: Tesla has launched the new Model Y ‘Standard’ for $39,990
Here’s what’s new: 🧵 pic.twitter.com/ILxbEsEniX
— TESLARATI (@Teslarati) October 7, 2025
Tesla Model 3 ‘Standard’
The Model 3 Standard was a surprise offering from Tesla, as many had only anticipated the company to refine and offer a more affordable version of the Model Y.
Coming in at $36,990, it features many of the same changes Tesla made with the Model Y “Standard,” all ways to improve price and make it less flashy than the more premium offerings.
Deliveries are also slated for November for this vehicle, and it features relatively the same stripped-down offerings as the Model Y Standard.
- Available in three colors: Stealth Grey (free), White ($1,oo0 extra), Diamond Black ($1,500 extra)
- Textile and vegan leather interior
- Range sits at 321 miles
- Covered glass roof (textile on inside)
- Manual mirrors and seats
- No rear infotainment screen
- No basic Autopilot
- 69 kWh battery
- New 19″ Aperture wheels
- 0-60 MPH in 6.8 seconds
- 7 speaker stereo, down from 15 speakers in premium models
@teslarati 🚨 Tesla’s Affordable Models are here! Let’s talk about them! #tesla #fyp #viral #teslaev #elonmusk ♬ Natural Emotions – Muspace Lofi
Elon Musk
Tesla owners show off improvements with new Full Self-Driving v14 rollout
Some of the big things that Tesla faced head-on with the development and release of v14 were navigating in parking garages and handling parking after arriving at a destination.
Tesla owners with access to the company’s Full Self-Driving new version, v14, which rolled out on Tuesday morning, are showcasing some of the very impressive improvements that have arrived.
CEO Elon Musk called v14 “sentient” a few weeks ahead of its rollout, claiming the newest iteration of the company’s Full Self-Driving platform would be the most accurate to date.
Tesla FSD (Supervised) V14.1 with Robotaxi-style dropoffs is here
It was obvious this narrative had Tesla owners keeping their expectations high, as there were very evidently things that needed to be improved upon that were present in v13. I wrote about several improvements I was hoping to see, and based on the release notes for v14, Tesla did have these things in the works already.
Some of the big things that Tesla faced head-on with the development and release of v14 were navigating in parking garages and handling parking after arriving at a destination.
Tesla said it was working to increase the capabilities of Summon within parking garages, as many owners believe that is where it would be the most beneficial.
While that does not appear to be part of this initial v14 rollout, it does seem Tesla is focused on improving the suite’s ability to navigate through these garages, including stopping for a ticket to enter the facility, finding a spot, and parking in an appropriate space.
It was evident this was a huge improvement based on one example from an owner who received v14:
FSD v14 navigates parking garages really well. Here’s a full clip of it leaving a parking spot, going through the garage, waiting for me to put the ticket in, and exiting.
Almost feels like it can read the signs above to go find the exit, with a complex garage here.@Tesla_AI pic.twitter.com/fv9j6LNcp6
— Zack (@BLKMDL3) October 7, 2025
If you look closely, you will even see the car shift slightly to the right when it arrives at the ticketing station, making it easier for the driver to hand over their ticket and payment. It then moves back out to the right when leaving to return to the center of the lane. It’s very intuitive.
Additionally, it appears to be more accurate when parking, thanks to improvements that enable owners to select the type of parking upon arrival at a destination.
In the v14.1 release notes, Tesla said that it has added “Arrival Options for you to select where FSD should park: in a Parking Lot, on the Street, in a Driveway, in a Parking Garage, or at the Curbside.”
One owner chose to navigate home and chose a garage to park in. Full Self-Driving performed it without any issues:
Not only can FSD 14.1 pull into my gravel driveway (no version before has done this) it can pull into the garage. pic.twitter.com/pweI5JKWHD
— Dirty Tesla (@DirtyTesLa) October 7, 2025
These are just two evident improvements so far, and there are likely many more on the way. The changes and fixes will be tracked by anyone with access to FSD v14 in the coming weeks.
Tesla Cybertruck gets Full Self-Driving v14 release date, sort of
Tesla launches two new affordable models with ‘Standard’ Model 3, Y offerings
Tesla owners show off improvements with new Full Self-Driving v14 rollout
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