**Elon Musk’s Twitter Deal Back on Track After Tesla CEO Makes ‘Overpayment’ Disclosure**
**Tesla CEO Elon Musk has disclosed that he overpaid for Twitter by $44 billion, but his deal to buy the social media company is now back on track.**
In a filing with the Securities and Exchange Commission (SEC) on Tuesday, Musk said that he had overpaid for Twitter by $44 billion. The filing said that Musk had paid $54.20 per share for Twitter, a 38% premium over the company’s closing price on April 1, 2022, the day before Musk announced his offer to buy the company.
The filing also said that Musk had not conducted any due diligence on Twitter before making his offer to buy the company. Musk said that he had relied on public information about Twitter and had not met with any of the company’s executives.
Despite the overpayment, Musk said that he was still committed to buying Twitter. He said that he believed that Twitter was a valuable company with great potential.
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