Moneybags Musk won t use Tesla shares to secure financing for his Twitter acquisition
Get the Full StoryThere s a new development in the Twitter Elon Musk deal, and this time, it s a financial one rather than a juicy controversy. In his latest step, Musk has removed Tesla shares as collateral to secure financing for his acquisition of Twitter. He declared the expiry of margin loans in a new filing with the Security and Exchanges Commission SEC . When Musk first penned the offer to buy Twitter, he committed 21 billion of his own money, and the rest was acquired through loans. He used Tesla shares as collateral to get 12.5 billion as a loan. Earlier this month, a bunch This story continues at The Next WebOr just read more coverage about: TeslaShare: