According to Tesla CEO Elon Musk submitted regulatory documents on Monday, after giving up Twitter board seats, he may acquire more shares of the social media company. For him, not being a director would not be subject to a maximum share limit of 14.9%.
In a filing with the U.S. Securities and Exchange Commission (SEC), Musk said there were no “plans or intentions” to buy more shares at this time, but reserved the right to “change his plans at any time” after evaluating various factors, including stock prices and “relatively attractive alternative business and investment opportunities.”
The SEC filing also notes that Musk could discuss potential business consolidations and strategic alternatives with the board. As one of the most prolific users on Twitter, Musk can express his views to the board or the public “through social media or other channels.”