Elon Musk continues to shed Tesla stock, selling another $3.6 billion this week, and putting his total for the year now at $23 billion.
Elon Musk continues to shed Tesla stock, selling another $3.6 billion this week, and putting his total for the year now at $23 billion.
The move follows Musk's October purchase of Twitter, with The New York Times suggesting he may plan to "buy back some of Twitter's billions in debt."
The move follows Musk's October purchase of Twitter, with The New York Times suggesting he may plan to "buy back some of Twitter's billions in debt."
Analysts warn investors are worried about Tesla's fate, particularly that Musk is using the company "as his own A.T.M. machine to keep funding the red ink at Twitter."
Analysts warn investors are worried about Tesla's fate, particularly that Musk is using the company "as his own A.T.M. machine to keep funding the red ink at Twitter."
Elon Musk's recent sale of almost $3.6 billion of Tesla shares could give him more flexibility to tackle parts of Twitter's painful $13 billion debt load. With Boris Korby editing.
Elon Musk's recent sale of almost $3.6 billion of Tesla shares could give him more flexibility to tackle parts of Twitter's painful $13 billion debt load. With Boris Korby editing.
Recall that the Twitter debt bankers have already been looking at ways to deal with the $3b unsecured bond piece, which has a steep interest rate of around 11.75%. From last week
Recall that the Twitter debt bankers have already been looking at ways to deal with the $3b unsecured bond piece, which has a steep interest rate of around 11.75%. From last week
Elon Musk’s Tesla Share Sales Could Point to Debt Help for Twitter
Elon Musk’s Tesla Share Sales Could Point to Debt Help for Twitter