Elon Musk’s tweet channeling Elvis baffles investors

Elon Musk's cryptic tweet has markets guessing whether he's referencing Elvis lyrics or hinting at another take over strategy for Twitter. — Pool Photo via AP/File

Billionaire entrepreneur Elon Musk kept investors in the dark this weekend, floating a cryptic tweet with the word "tender,” a likely wink-and-nod reference to a potential tender offer to Twitter Inc. shareholders for control of the company.

The world’s richest person caused a stir last week after he filed a US$43bil (RM182.15bil) proposal offering US$54.20 (RM229.60) a share for the social network, which led Twitter to adopt a so-called poison-pill provision on Friday to make it harder for Musk or a group of investors to acquire more shares.