Elon Musk reportedly exploring fundraising options to pay off debt from Twitter purchase
Tesla CEO Elon Musk is reportedly exploring using up to $3 billion in new fundraising to offset the cost of his Twitter acquisition.
SEANA SMITH: And speaking of Tesla, it appears that the company's CEO Elon Musk may not be done looking for funding for his other project. Twitter, what we were just talking about here, the Wall Street Journal reporting that Musk has, quote, "been exploring using as much as $3 billion in new fundraising to offset some of the $13 billion in debt owed from the Twitter transaction."
But fundraising from outside investors could be tough. The Journal pointing out that Fidelity, which backed Musk's takeover of Twitter, wrote down its stake by 56% in November. Now Musk responded to the claim on Twitter, when asked by a user if the story was accurate, Musk simply wrote back, quote, "no." So perhaps there's some discrepancy on Musk, whether Musk is really seeking some more funding for Twitter, and then of course, how much money that might be.