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Musk’s money manager, Jared Birchall, reached out to potential investors this week, offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October, according to the report.
Twitter and Musk did not immediately respond to Reuters requests for comments.
Musk sold another $3.6 billion worth of shares in Tesla (NASDAQ:TSLA) Inc earlier this week, making it nearly $40 billion worth of shares in the electric-vehicle company sold this year.
The sale is the second big chunk of Tesla stock the billionaire has cashed out since his $44 billion purchase of Twitter in October, despite saying in April that he was done selling the electric-vehicle company’s shares.
Meanwhile, 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.
Ross Gerber, a Tesla investor who said he put less than $1 million in Musk’s original takeover of Twitter, confirmed that he was contacted Thursday evening about another funding round, Semafor reported.
