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Moneybags Musk won’t use Tesla shares to secure financing for his Twitter acquisition

26/05/2022

There’s a new development in the Twitter–Elon Musk deal, and this time, it’s a financial one rather than a juicy controversy. In his latest step, Musk has removed Tesla shares as collateral to secure financing for his acquisition of Twitter. He declared the expiry of margin loans in a new filing with the...
There’s a new development in the Twitter–Elon Musk deal, and this time, it’s a financial one rather than a juicy controversy. In his latest step, Musk has removed Tesla as collateral to financing for his acquisition of Twitter. He declared the expiry of margin loans in a new filing with the Security and Exchanges Commission (SEC). When Musk first penned the offer to buy Twitter, he committed $21 billion of his own money, and the rest was acquired through loans. He used Tesla as collateral to get $12.5 billion as a loan. Earlier this month, a bunch…This story continues at The Next WebOr just read more coverage about: Tesla
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