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Tesla Stock Gains As Musk Closes Twitter Margin Loan; Jefferies Cuts Price Target

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Updated at 12:10 pm EST

Tesla  (TSLA ) – Get Tesla Inc Reportshares moved larger Thursday after CEO Elon Musk closed out a margin mortgage linked to his $44 billion takeover of Twitter  (TWTR) – Get Twitter, Inc. Report, though features have been capped by a worth goal reduce from analysts at Jefferies.

In a Securities and Exchange Commission submitting final night time, Musk mentioned he is decreased his margin mortgage linked to his Tesla shares to zero, whereas boosting the general fairness portion of his takeover to $33.5 billion, in a transfer that might cut back the overhang on Tesla shares, that are down 42.7% since he first made his holding in Twitter shares public on April 4.

Source: www.thestreet.com

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