The Latest Breaking News from Elon Musk

Tesla, Inc (NASDAQ:TSLA) chief Elon Musk will likely serve as Twitter, Inc's (NYSE:TWTR) temporary CEO for a few months post the $44 billion takeover closes, CNBC reports. As per sources to CNBC's David Faber, Musk recently led investor presentations offering financial projections based on his analysis of Twitter. Musk complained against Twitter's EBITDA margin…

The $7.1 billion to fund the acquisition of Twitter sees Elon Musk's margin loan against his shares in Tesla reduced from $12.5 billion to $6.25 billion.

Ross Gerber, founder and CEO of Gerber Kawasaki Wealth and Investment Management, and longtime Tesla Inc (NASDAQ: TSLA) bull, made (informed) predictions about the Elon Musk-led company on Wednesday.

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Oracle co-founder and Tesla board member Larry Ellison

CNBC

Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter, winning the backing of some of the world’s largest investors.

Photo courtesy of Tesla. 

The list contains a lot of big names, but each with relatively small dollar amounts.

In today’s Diary: Hancock on living with Ukranian refugees / Bill Gates says Musk might be good for Twitter / Rayner hearts Lorraine