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Twitter investor confirms Elon Musk seeks further investment

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An investor in Elon Musk’s $44 billion takeover of social media large Twitter (TWTR) showed {that a} consultant for the billionaire lately reached out to him about making an investment within the corporate.

Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Funding Control, who is additionally an investor in Tesla (NASDAQ:TSLA), mentioned a consultant for the Tesla CEO reached out to him on Thursday about making an investment in Twitter on the identical worth Musk paid for the corporate, $54.20 a proportion, in step with quite a lot of media experiences on Friday.

Gerber informed the WSJ that he at the start invested about $1 million in Musk’s buyout of Twitter and informed the e-newsletter that he used to be reviewing Musk’s newest proposal and had questions on how Twitter used to be being controlled, together with how lengthy Musk would stay CEO.

Gerber’s feedback showed a Semafor file on Friday that the chief of Musk’s circle of relatives place of work, Jared Birchall, used to be mentioned to be taking a look to attract new buyers in on the identical $54.20 in step with proportion worth that Musk paid to obtain the corporate.

The inside track comes as Twitter’s money crunch is the most probably purpose for but any other of Musk’s gross sales of billions of bucks in Tesla inventory (TSLA) after many times announcing this 12 months he used to be “executed” promoting Tesla – maximum lately, a disclosure this week that he offered just about $3.58B extra. Tesla inventory fell any other 4.7% Friday as some extra notable buyers driven for a CEO succession plan.

One by one, Gerber Tweeted on Friday that he notified Tesla’s (TSLA) board that he needs to be added to it an he needs to be added to the proxy commentary.

Loup Ventures analyst Gene Munster mentioned Wednesday that Musk’s journey with Twitter represents a possibility to Tesla (TSLA) as public belief of the billionaire stands as a cornerstone to the EV maker’s logo.