Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is reportedly in discussions with investment firms and high-net individuals about financing his takeover of Twitter Inc (NYSE: TWTR) in such a manner that less of his wealth would be tied up in the deal — one prominent analyst sees this as a positive catalyst for the electric vehicle maker's stock.
What Happened: The financing, under discussion, could take the shape of preferred or common equity and reduce the $21 billion cash that Musk would need to cough up to secure the social media platform, reported Reuters, citing people familiar with the matter.
