
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk will have to shell out $1 billion to exit the $44 billion deal to purchase Twitter Inc (NYSE:TWTR), according to a filing with the U.S. Securities and Exchange Commission.
What Happened: The deal comes with a deadline of Oct. 24, 2022, and can be extended for six months to meet antitrust and foreign investment clearances, according to the filing.