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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