that"it is in the best interest for Tesla shareholders for Elon to be back at Tesla working full time."
Along with equity from investors including Sequoia Capital and the Qatar Investment Authority, the deal is financed by $13 billion of debt from a syndicate of banks including the likes of Morgan Stanley, Bank of America, and Barclays. But as the Federal Reserve has aggressively hiked interest rates to curb inflation, using Tesla stock to pay off the debt on the Twitter buyout is a problem for Tesla.
elonmusk is this true? I know SA media for feeding us propaganda!
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