Tesla Inc. Chief Executive Elon Musk and his team are exploring raising as much as $3 billion to help repay some of the debt incurred in the Twitter Inc.'s buyout, The Wall Street Journal reported Wednesday, citing people familiar with the matter. A successful raise could be used to pay down an unsecured portion of the debt carrying the highest interest rate, the Journal reported. Musk bought Twitter in October for $44 billion, and late last year sold some of its Tesla shares. Tesla (TSLA) is slated to report fourth-quarter earnings after the bell on Wednesday.
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