Elon Musk’s Tesla Share Sales Could Point to Debt Help for Twitter
- Recent tweet hints at effort to ease company’s debt burden
- Replacing riskiest bonds would save $350 million in interest
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As he was offloading almost $3.6 billion of Tesla Inc. shares this week, Elon Musk took to Twitter, his newest business, to offer some financial advice.
“At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates,” he wrote on Tuesday, the day before the US central bank boosted its policy rate by another 50 basis points.