Reuters reveals Musk seeks to put in less money in new Twitter deal financing

Shares of Tesla rose as much as 5% after Reuters reported that its chief executive Elon Musk was in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter and tying up less of his wealth in the deal. The news eased some investors’ concerns that Musk was relying too much on his Tesla shares for the Twitter deal financing.