Twitter's plan outlined by Wedbush analyst

Elon Musk has three possible options for responding to the poison pill, as outlined by Wedbush Securities analyst Dan Ives, which was unanimously adopted by Twitter's board on Friday.

The plan, which aims to prevent Musk from increasing his stakes to 15% or more, was enacted in response to his decision to take the social media giant private.

According to Ives, Musk's first choice is to lay out his financing, strategy and vision for Twitter in a letter and presentation to the board and shareholders.

Given Musk's antics over the years as well as comments at last week's TED conference last week, the Street remains skeptical on this bid and more details need to be highlighted to get more investors on board and increase pressure on the Board, Ives wrote in a note to clients on Sunday.

The second option would be to find a strategic partner and increase the $43 billion bid to the roughly $60 per share threshold that many Twitter shareholders seem to think is the best way to get a deal.

Ives says that getting a deep pocketed private equity partner would lighten the load for Musk and increase the attractiveness and viability of the bid in the eyes of shareholders.

The third and most unlikely move for Musk would be to leave his position by selling his Twitter shares.

Musk teased at the TED 2022 conference last week that he has a plan B if his Twitter bid is rejected. He hasn't elaborated on that plan.

Sources told the New York Post on Friday that Musk is considering bringing in investors who could partner with him on a bid. Private equity firm Thoma Bravo is considering making a counteroffer for Twitter, according to the outlet.

Some investors speculated that Musk could possibly consider a tender offer for Twitter after the billionaire tweeted the words Love Me Tender with music notes, a nod to the Elvis Presley song.

A Replacing Representative for Thoma Bravo wouldn't say anything about the rumors or speculation. FOX Business did not respond to Twitter's request for comment. Representatives for Musk did not respond at the time of publication.