Morgan Stanley starting sale of $2.97 billion loan used by Elon Musk for Tesla shares

From Investing.com: 2025-02-10 15:05:15

Morgan Stanley has started the sales process for a $2.97 billion loan that Elon Musk used to buy Tesla shares. The loan was used to exercise stock options and has an interest rate of 2.3%. This move is seen as a way for Musk to diversify his holdings and reduce personal risk.



Read more at Investing.com: Morgan Stanley initiates $2.97 billion loan sale of Musk’s X debt