Mr. Musk is using his Tesla holdings to help fund the Twitter deal. Don’t forget to look on the bright side of life sometimes!”If the deal does fall apart, Mr. Musk could owe Twitter $1 billion depending on the reason for the breakup. A Twitter spokesman said Mr. Musk had visited the company May 6 as part of the transaction-planning process. In addition to financing from Wall Street, Mr. Musk has had to sell at least $8.5 billion worth of Tesla shares to fund the deal. Mr. Musk made his filing on April 4, at least 10 days after his stake surpassed the trigger point for disclosure.

Source: Wall Street Journal May 14, 2022 02:00 UTC