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.
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.
