Elon Musk could have to sell up to $10 billion in Tesla stock next week to get the ‘train wreck’ Twitter deal done, Wedbush says

Elon Musk could have to sell up to $10 billion in Tesla stock next week to get the ‘train wreck’ Twitter deal done, Wedbush says

Elon Musk.

Elon Musk.Adrees Latif/Reuters

  • Elon Musk could have to sell up to $10 billion in Tesla stock next week to complete his Twitter buyout, according to Dav Ives of Wedbush.

  • “The more investors that bail on this deal is the more money that Musk needs to contribute and therefore sell more Tesla stock,” Ives said.

  • Ives called Musk’s $44 billion deal for Twitter a “train wreck.”

Elon Musk could be forced to sell $5 billion to $10 billion in Tesla stock next week as he prepares to complete a $44 billion…


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