Tesla’s Musk Raised Billions Ahead of Twitter Bid
Posted: Fri Apr 15, 2022 12:48 pm
Elon Musk wants to buy Twitter Inc for $43 billion in cash, and the $16.4 billion he netted from sales of Tesla Inc shares last year could help. “Musk could look to fund the transaction, if approved, through a combination of debt financing and potentially Tesla shares,” CFRA Research analyst Angelo Zino said. “Given the size of the transaction, we think it is conceivable that some Tesla shares could be sold given much of his wealth is tied to the company.” Here’s a look at the string of transactions Musk made as he offloaded about 10 percent of his stake in the electric car maker to meet tax withholding obligations related to the exercise of stock options. ...
Source: https://www.theepochtimes.com/teslas-mu ... 04608.html
Source: https://www.theepochtimes.com/teslas-mu ... 04608.html