Elon Musk Just WITHDREW His Offer To Buy McDonalds!

Elon Musk Just WITHDREW His Offer To Buy McDonalds!

Elon Musk's response to the idea of him buying McDonald's is hilarious.
Look, it's pretty clear that Musk has a lot of money. He's the world's richest man, and for better or worse, he's trying to buy Twitter.

People are now talking about him buying McDonald's, and while we love the idea of the SpaceX founder launching a Happy Meal into space, he's not completely buying it. Wanna know more?

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Back in April, Musk posted a screenshot of a mock-up tweet from his account that said, "Now I'm going to buy McDonald's and fix all of the ice cream machines."

"Listen, I can't do miracles, OK," Musk joked in the caption.
McDonald's Germany even responded, saying, "My mistake, but I thought you were the guy going to Mars."

"You bought Twitter for 44 billion dollars, I downloaded it for free, so who's the real winner?" said another.

Others shared bogus Musk tweets in which they pretended to be the tech tycoon and joked about more impulse purchases: "Now I'm going to buy Facebook and delete it haha."

While having a reliable ice cream connection at McDonald's would be great, we're not sure how Musk's Tesla investors would feel about the purchase.
Tesla stock fell more than 12% the day after Musk announced his purchase of Twitter.

To put that in context, that's around $125 billion, which understandably makes investors nervous about any other purchases Musk makes, whether it's McDonald's or Facebook.

The sharp drop in stock was attributed to concerns about Musk's $44 billion bid for Twitter.

The tech mogul is said to have secured a $12.5 billion loan against his 17.5% stake in Tesla.

Furthermore, Musk is said to have borrowed another $13 billion from Wall Street, but hasn't said how he'll make up the remaining bid amount, which has investors concerned, with some fearing Musk will unload Tesla stock to fund the takeover.

Tesla even stated in its most recent annual report, "If Elon Musk is forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such sales may cause our stock price to fall."
So, if Musk buys McDonald's, his Tesla investors are unlikely to get a Happy Meal.

Again, back in January, Elon Musk has stated that if fast-food chain McDonald's begins accepting Dogecoin, he will "eat a happy meal on television."

The Tesla CEO made the announcement seemingly without provocation, but Mr Musk has a history of promoting the meme-based cryptocurrency.
Dogecoin's price increased from £0.10138 to £0.10761 shortly after the tweet.

The items include a belt buckle and a whistle themed after the company's Texas plant. The belt buckle costs 835 doge, or about $170, though the price is likely to fluctuate due to volatility in the cryptocurrency market.
Customers in the United Kingdom can purchase a mug that reads "S3XY," a reference to the four single-letter names of each of the company's vehicles.
Mr Musk repeatedly inflated the price of the digital coin last year by tweeting about it. Mr Musk has been known to move the value of the coin by 10% with a single tweet.

Some are concerned that Mr. Musk's tweets are causing the market to react violently, exacerbating the issue of price volatility, while others are pleased that it is drawing attention to the industry.

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