Twitter Deal: Musk Has Some Good News for Tesla Investors

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The Street

By Luc Olinga Elon Musk’s financing of the acquisition of microblogging website Twitter involves a margin loan tied to the billionaire’s Tesla shares. Tesla (TSLA) – Get Tesla Inc Report investors and fans may be able to breathe a bit more easily. Since Elon Musk’s April 14 announcement of a $44 billion bid for social network Twitter, (TWTR) – Get Twitter, Inc. Report they’ve seen the price of Tesla shares wobble. In addition to concern about Musk focusing less on the manufacturer of high-end electric vehicles, they also worry about the prospect of his financial withdrawal from Tesla. Indeed, …

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