Musk May Sell Tesla Shares Worth 14 Trillion Won to Acquire Twitter

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[Asia Economy Reporter Seongpil Cho] Tesla CEO Elon Musk may sell up to 14 trillion won worth of Tesla shares to raise funds for acquiring Twitter, according to an analysis.

Dan Ives, an analyst at Wedbush Securities in the U.S., projected this in a memo provided to investors on the 21st (local time), as reported by financial media Market Insider. Analyst Ives predicted that Musk might sell Tesla shares worth between $5 billion and $10 billion (approximately 7.2 trillion to 14.4 trillion won) on the U.S. stock market next week to raise the $44 billion (about 63.3 trillion won) needed for the Twitter acquisition.

The Delaware Court of Chancery recently ordered Musk to complete the Twitter acquisition by the 28th, temporarily halting the lawsuit between Musk and Twitter. Accordingly, Wall Street expects Musk to sell additional Tesla shares next week to secure acquisition funds.

Previously, Musk sold $15 billion worth of Tesla shares to secure some cash and agreed to receive about $13 billion in acquisition financing loans from major banks such as Morgan Stanley. The remaining acquisition funds are expected to be secured through stock issuance targeting large investors, but specific details on the funding status have not been disclosed.

This content was produced with the assistance of AI translation services.