Musk says $20m tweet was ‘worth it’

Tesla Inc’s CEO Elon Musk said he was signing off Twitter for a few days, shortly after tweeting that the $20 million (Dh73.45 million) penalty he was given for announcing on Twitter that he had funding to take the electric vehicle maker private was “worth it.”

His sign-off culminated a series of tweets that included an announcement about the release of autopilot drive on navigation.

Earlier this month, a US judge approved Tesla and Musk’s $40 million settlement with the Securities and Exchange Commission over a probe of Musk’s August tweet citing funding being secured to take the company private. Musk would pay a penalty of $20 million as part of the deal.

A Twitter user wrote to him asking: “How about the one that cost you 20M, how was the ‘like’ ratio on that one?” Musk responded to the tweet with “worth it.”