Elon Musk originally took a $12.5-billion margin loan against his Tesla stock to help fund his purchase of Twitter.Elon Musk originally took a $12.5-billion margin loan against his Tesla stock to help fund his purchase of Twitter.
The world’s richest man and Tesla Inc’s top boss is also in talks with shareholders, including Jack Dorsey, for additional financing commitments to fund the deal, Musk said in a regulatory filing. Musk originally took a $12.5-billion margin loan against his Tesla stock to help fund his purchase of Twitter.Last week, Musk had said his offer would not move forward until Twitter shows proof that spam bots account for less than 5% of its total users, hours after suggesting he could seek a lower price for the company.Musk could not be immediately reached for comment.
In April, Musk had lined up $46.5 billion in debt and equity financing to buy Twitter, with Musk himself committing to put in $33.5 billion.