this post was submitted on 23 Jul 2023
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He paid $21 billion of his own money for it. That was like 10% of his wealth at the time. It also had a negative effect on Tesla's stock price. He lost a lot of wealth because of this.
I think it is more likely that he did not intend to purchase it and was initially just trolling. But someone filed the legal paperwork and he had to go through with it.