Elon Musk Asks for Stay of Twitter Trial

Elon Musk has requested a stay in the Twitter trial, initially set for October 17th, as he aims to proceed with the original offer price of $54.20 per share. The trial's delay hinges on resolving a debt financing condition. Despite Twitter's stronger legal position, Musk rejected a lower offer from Twitter due to self-serving conditions. Both parties are negotiating to finalize the deal without going to trial.

What was the expected date for the trial before Musk requested a stay?

What was the reason Musk rejected Twitter's lower price offer?