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Factbox-Tesla’s Musk raised billions ahead of Twitter bid -Breaking

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© Reuters. FILE PHOTO: SpaceX’s founder and chief engineer Elon Mok attends a press conference at Kennedy Space Center, Cape Canaveral (Florida), U.S.A, January 19, 2020. REUTERS/Steve Nesius/File Photograph

(Reuters) – Elon Musk is looking to purchase Twitter Inc (NYSE) for $43Billion cash and the $16.4B he earned from Tesla shares (NASDAQ) Inc last year.

Angelo Zino, CFRA Research analyst, said that Musk could finance the transaction through debt financing or possibly Tesla shares.

Given the magnitude of this transaction, it seems possible that Tesla shares might be sold. Much of Mr. Rich’s wealth is linked to Tesla.

This is a list of the transactions Musk did to sell about 10% of the stake in Tesla Motors to pay taxes on the stock option exercise.

DATE OF SHARES AQUIRED SHARES SOLD GROSS PROCEEDS

NOV. 8, 2.2 Mln

NOV. 8,934,091 $1.10 per bln

NOV. 9, 3.1 Mln, $3.35 Bln

NOV. 10,000,000 $527.3 Mln

NOV. 11, 639,737 $687.3/mln

NOV. 12 1:2 mln $1.24 billion

NOV. 15.2.1 mln

NOV. 15,934,091 $930.7

NOV. 16:2.1 mln

NOV. 16 934 091 $973.4

NOV. 23.2.2 Mln

$934,091 1.05 Bln

DEC. 22.1 mln

934,091 $1.01 per barrel

Dec.9 2.2mln

954,091 $963.2

Dec.13, 2.1 Mln

934,091 $906.5

Dec.16 2.2mln

934,091 $884.1

Dec. 21 2.09 Mln

$934,091 $853.7

Dec. 22.11 mln 934.091 $928.6

Dec. 28, 1.6 Mln 934.090 $1.02 Bln

Total 22.9 million 15.7 million $16.4 billion

Wells Fargo Colin Langan (NYSE:), analyst, warned about the potential for more share sales.

Musk may decide to sell Tesla stock shares more to help fund his takeover. This could cause pressure on Tesla’s stock price.”

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