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Musk Could Be Raising Cash for a Repriced Twitter Deal

·1 min read
Musk Could Be Raising Cash for a Repriced Twitter Deal

Elon Musk is raising cash in case Twitter forces him to go ahead with his deal to buy the social media platform, according to an analyst. On Tuesday, Musk used Twitter (ticker: TWTR) to say he had sold $6.9 billion more of his shares in Tesla (TSLA) in what he promised was his final sale of stock in the electric car company he runs. “The situation has dramatically changed,” wrote Wedbush analyst Dan Ives in a Wednesday note.