Elon Musk agrees to rebuy Tesla stock if Twitter deal doesn’t close
After selling its electric vehicle company shares worth nearly $7 billion, Tesla and SpaceX CEO Elon Musk said that he would repurchase Tesla stock if the Twitter deal did not close.
While being asked by a user on the micro blogging platform if he is done selling Tesla stock, the tech billionaire replied affirmatively.
“Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners do not come through, it is important to avoid an emergency sale of Tesla stock,” Musk wrote on Twitter.
Meanwhile, while replying to another user who asked, “if the Twitter deal does not close, will you buy Tesla stock again?” He replied, “Yes”.