Summary:
- Elon Musk reduced his Margin Loan for his TWTR deal
- Prices show some recovery.
Tesla share price has gained more than 8.5% on Thursday
Tesla's stock price has gained more than 8.5% on Thursday amidst Elon Musk’s closing out on a Margin Loan associated with his $44 billion Twitter deal. In a Securities and Exchange Commission (SEC) filing last night, Musk said he reduced the margin loan that linked his Tesla (TSLA) shares to zero, whilst boosting his overall equity portion of his Twitter takeover to $33.5 billion. This move from Musk reduced the pressure on the Tesla shares, driving the price up.
TSLA Share Price Chart
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Sources: finance.yahoo.com, thestreet.com
