Elon Musk's Team Seeks New Funding For Twitter - Investor
Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said.
Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative about offering more shares at the same price, $54.20, that Musk paid to take the company private in October.
Jared Birchall, the managing director of Elon Musk's family office reached out to potential investors this week, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort.
Twitter and Musk did not respond to Reuters requests for comments.
Twitter has seen advertisers flee amid worries about Musk's approach to policing tweets, hitting revenues and its ability to pay interest on the $13 billion debt that Musk took on to buy the social media company.
Musk sold another $3.6 billion worth of shares in Tesla earlier this week, making it nearly $40 billion worth of shares in the electric-vehicle company sold this year.
Tesla shares on Friday posted their worst weekly loss since March 2020, with investors increasingly concerned about Musk being distracted by Twitter and the slowing global economy.
(Reporting by Hyunjoo Jin in San Francisco, Priyamvada C in Bengaluru; Editing by Shounak Dasgupta and Michael Perry)
Latest News
car&bike Team | Mar 23, 2026Triumph 350cc Motorcycles Set To Launch On April 6-7Triumph Motorcycles will launch its new sub-350cc motorcycles in India on April 6-7, in order to comply with the lower GST rates.1 min read
Carandbike Team | Mar 23, 2026Mahindra, HPCL Partner To Expand EV Charging Network Pan-IndiaUnder the partnership, Mahindra will set up its Charge-iN EV network at HPCL fuel stations across the country.1 min read
Jaiveer Mehra | Mar 23, 20262026 Skoda Kushaq Facelift Variant-Wise Prices, Features DetailedThe facelifted Kushaq is offered across 5 trim levels and retains the 1.0 TSI and 1.5 TSI engine options from the outgoing model.1 min read
Jaiveer Mehra | Mar 22, 20262026 Xiaomi SU7 Debuts With More Tech, 900+ Km RangeXiaomi has made notable updates to the SU7 under the skin, ranging from standardising features across the range to introducing all-new features.1 min read
Jaiveer Mehra | Mar 21, 2026New Tata Harrier EV Fearless+ QWD Launched At Rs 26.49 LakhNew dual-motor all-wheel-drive variant is priced about Rs 2.5 lakh less than the full-loaded Harrier EV Empowered QWD.2 mins read
Jaiveer Mehra | Mar 21, 2026Skoda Kushaq Facelift Launched At Rs 10.69 LakhThe Kushaq packs in new features and, more importantly, a new 8-speed automatic gearbox for the 1.0 TSI engine.1 min read
Bilal Firfiray | Mar 24, 2026Nissan Gravite Review: Sub-Rs 10 Lakh Seven-Seater That’s PracticalNissan has introduced the Gravite as a practical seven-seater that’s affordable, that’s easy to live with, and value for money. But should you buy it?1 min read
Janak Sorap | Mar 23, 2026Ducati Desmo450 MX Review: No Road, Only DirtDucati’s first-ever motocross motorcycle promises extreme performance, advanced technology and race-focused engineering, and we got a chance to experience it at BigRock Dirt Park to see what it’s really like.7 mins read
Seshan Vijayraghvan | Mar 21, 20262026 Renault Duster Review: The Hero Returns, But Does He Deliver?2026 Renault Duster - new design, new platform, modern tech, and most notably, the segment’s most powerful turbo-petrol engine.8 mins read
Carandbike Team | Mar 20, 2026Skoda Kushaq Facelift Review: Sharper, Smarter, Still The Driver’s SUV?Skoda Kushaq facelift comes with updated design, newer features on the inside, and a new 8-speed automatic gearbox. But does it still stand out as the driver’s SUV in its segment?5 mins read
Seshan Vijayraghvan | Mar 10, 20262026 Mercedes-Benz CLA Electric Review: It’s Properly Good!The CLA moniker has returned but in an electric avatar. As impressive as it is, can this baby EQS become a success story?9 mins read