'Going offline': Elon Musk says he is closing his twitter account

Tesla chief Elon Mask stated on Friday that he is discontinuing his Twitter account.

Mentioning that he was "not sure about good of Twitter," the Tesla chairman in another tweet said he was ''going offline'', adding that the popular news and discussion platform, Reddit seems a better option.

Going offline

— Elon Musk (@elonmusk) November 1, 2019

Reddit still seems good

— Elon Musk (@elonmusk) November 1, 2019

Not sure about good of Twitter

— Elon Musk (@elonmusk) November 1, 2019

Musk also is embroiled in a defamation lawsuit for a tweet that described a British diver involved in a rescue of boys trapped in an underwater cave in Thailand as a paedophile. That tweet, posted last July, has since been deleted, and Musk is now fighting the lawsuit filed by Vernon Unsworth in a Los Angeles state court. 

Twitter got Musk into trouble again in February when the SEC alleged a tweet about how many cars Tesla will manufacture this year represented another misleading statement and sought to hold him in contempt of court for violating the settlement. That resulted in a new settlement that is supposed to put even tighter controls on Musk's tweets about the company.

The biggest flap occurred last August when he tweeted that he had lined up the financing necessary to buy Tesla in a buyout that would have likely cost more than USD 20 billion, causing the electric car maker's stock to swing wildly. An offer never materialized, and the Securities and Exchange

Commission later accused Musk of using Twitter to mislead investors.

Musk denied the allegations, but he and Tesla eventually reached a USD 40 million settlement with the SEC after regulators threatened to seek his ouster as the company's CEO.

Elon Musk's antics on Twitter have landed him in trouble at various instances, and he had given mixed messages before about closing his Twitter account which eventually never happened.