Elon Musk.Photo: PATRICK PLEUL/POOL/AFP/Getty

Elon Musk

Legal representatives for Musk, as well as a representative for Twitter, did not immediately respond to PEOPLE’s request for comment.

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Nearly three months later, he changed his mind and announced he planned toback out of the deal, alleging that Twitter was in “breach of multiple provisions” of an original agreement.

Elon Musk.Taylor Hill/Getty Images; Getty Images

Elon Musk attends “In America: An Anthology of Fashion,” the 2022 Costume Institute Benefit; Twitter Logo

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Earlier this month, Musk sent a letter to Twitter, proposing to acquire the platform at the original price he agreed on, provided Twitter dropped its lawsuit, according toBloombergandThe New York Times.

RELATED VIDEO: Elon Musk Responds to Twitter’s Plan to Sue Him Over Terminated Deal to Buy Social Media Platform

During a Tesla earnings call on Wednesday, Musk then said that he islooking forward to completing the deal.

“[I am] excited about the Twitter situation,” Musk said, according toVarietyandInsider. “Although obviously myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter in my view is an order of magnitude greater [than] its current value.”

source: people.com