Tesla’s Musk Raised Billions Ahead of Twitter Bid

Tesla’s Musk Raised Billions Ahead of Twitter Bid
SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, on Jan. 19, 2020. Steve Nesius/Reuters
|Updated:

Elon Musk wants to buy Twitter Inc for $43 billion in cash, and the $16.4 billion he netted from sales of Tesla Inc shares last year could help.

“Musk could look to fund the transaction, if approved, through a combination of debt financing and potentially Tesla shares,” CFRA Research analyst Angelo Zino said.