The CEO of Tesla Inc. For years, Elon Musk has intertwined his personal business ventures with his stake in the carmaker. Using these assets to help fund his $ 44 billion Twitter purchase takes this connection to a deeper level.
A key part of the financing plan includes borrowing $ 12.5 billion from loans secured by Tesla shares worth more than $ 62.5 billion that Mr. Musk owns – or about 40% of his stake at a closing price in Wednesday of $ 881.51. Tesla and several banks have introduced rules that require it to provide more collateral if the company’s stock prices fall.
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