Latest News

Tesla CEO Elon Musk Just Had His First Margin Call for Twitter Loan

0

Tesla CEO Elon Musk Just Had His First Margin Call for Twitter Loan | Barron’s


Tesla

CEO Elon Musk might regret his purchase of Twitter—or at least the way he financed it. Based on the agreement Musk signed with bankers to help fund his Twitter purchase, he has already experienced his first margin call, an obligation to cough up cash or provide more collateral.

Musk, on Wednesday, apparently sent an email to


Tesla

(ticker: TSLA) employees, admonishing them to ignore gyrations in the company’s stock and focus on shipping as many cars as possible as the end of the quarter, and year, approaches.

Dow up 300 points as jobless claims data deemed ‘welcome news for the Fed’

Previous article

GE Is Not a Lost Cause as Healthcare Spinoff Gets Set to Join S&P 500

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News