Musk reportedly plans to get new financing for Twitter acquisition without a margin loan

 On May 13, according to people familiar with the matter, Musk is in talks to raise enough equity and preferred stock financing for his plan to buy Twitter, so that he does not have to use Tesla stock as collateral for a margin loan. Musk’s advisers, led by Morgan Stanley, have begun to understand potential investor interest in a preferred stock financing plan of up to $6 billion, people familiar with the matter said. Musk initially arranged a $12.5 billion margin loan as part of a $44 billion acquisition of Twitter. Margin lending halved to $6.25 billion after it disclosed that it had secured about $7.1 billion in new financing commitments. Musk has since received a further $1 billion in equity commitments. Further equity and preferred stock financing could make margin loans unnecessary. (Golden Ten)