WATCH: SNL says Elon Musk offered to buy Twitter because 'white guys want to use the N-word'

"Elon Musk offered to buy Twitter for over $40 billion so he can loosen its free speech rules," the SNL personality said. "That's how badly white guys want to use the N-word."

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Michael Che and Colin Jost, two regular actors on "Saturday Night Live," took aim at Tesla CEO Elon Musk for his multi-million dollar bid to buy Twitter, claiming it's so that "white guys" can use the N-word on the social media platform.

Che started in on Saturday night's segment by saying, "Elon Musk offered to buy Twitter for over $40 billion so he can loosen its free speech restrictions."

"That's how badly white guys want to use the N-word," Che continued.

Musk has made an offer of $54.20 per share for Twitter. This is after he bought a 9.2 percent stake in the company, making Musk one of the largest shareholders.

"I honestly don't understand why Elon even wants to own Twitter," said Jost in reply to Che. "It used to be something that seemed important and even fun and now you look at it and it's confusing and depressing. It's the Giuliani of apps."

"Come on, Elon — Elon built electric cars. He's going to Mars. Why is he even involving himself with Twitter?" Jost continued to question.

"It would be like if the Prince of England gave it all up just to marry an actor from Suits," Jost carried on, poking fun at a certain British royal and his wife.

"Plus, I understand Twitter isn't even that profitable anymore. It just feels like a bad business decision. And I say that as someone who bought a Staten Island Ferry with Pete [Davidson]," concluded Jost, referring to his SNL colleague.

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