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Musk’s $8.5 Billion Tesla Stock Sales Make Math Behind Twitter Deal More Tricky

  • He’s sold $8.5 billion in stock to help fund Twitter deal
  • Margin loan could be jeopardized if Tesla shares fall too much
Elon Musk
Elon MuskPhotographer: Joshua Lott/Getty Images

Elon Musk’s sale of more than $8.5 billion of Tesla Inc. shares has made the math behind his $44 billion deal to buy Twitter Inc. a bit more tricky.

To acquire the social-media company, Musk has lined up $13 billion in bank financing, $12.5 billion in margin loans backed by Tesla shares and committed a further $21 billion himself.