Elon Musk upped his bid for Twitter, taking to the platform on Friday morning AEST to spell doom for all spambots after taking control of the social media platform.

In his latest filing with the Securities and Exchange Commission (SEC), Tesla’s CEO said he has secured $46.5 billion in financing for a possible hostile takeover and revealed he is putting in more than $20 billion of his own money .

Funds are drawn from three sources through a combination of loans and equity financing.

The first is a US$13 billion loan from Morgan Stanley, while the second is a margin loan from the investment banker and other banks worth an additional US$12.5 billion and secured against Mr Musk's Tesla shares.

The third, an equity commitment from Mr. Musk himself for US$21 billion.

In early April, the Tesla executive announced that he had purchased a 9.2 percent stake in Twitter, valued at $2.9 billion.

Just days later, he offered to buy the entire social media platform for $54.20 per share, putting the total price at $43 billion.

But having met with hostility from shareholders, Mr Musk has now stepped up his promises, proving he is serious about this potential acquisition.

However, Twitter shareholders have begun a so-called poison pill defense strategy that could potentially block it from acquiring a stake in the business greater than 15 percent. Basically, the strategy allows existing investors to buy shares at a significant discount, thereby diluting the holdings of a new, hostile investor.

The social media platform responded to Mr. Musk's latest move, noting: “We have received the updated, non-binding proposal from Elon Musk, which provides additional information on the original proposal and new information about potential financing.

"As previously announced and communicated directly to Mr. Musk, the board is committed to conducting a careful, comprehensive and deliberate review to determine the course of action it believes is in the best interests of the company and all shareholders on Twitter.”

Maja Garatsa Djurdjevic

Maya's career in journalism spans more than a decade in finance, business and politics. Already an experienced editor and reporter in all elements of the financial services sector, before joining Momentum Media, Maya reported for several established news outlets in South East Europe, looking at key processes in post-conflict societies.