Tesla CEO Elon Musk said Thursday that production of its Semi truck has begun, and deliveries to one customer, Pepsi, will occur in December.
Musk, the world's richest man, has sold about $15 billion in Tesla stock this year, but it's still not clear if Musk has sufficient liquid funds to close the Twitter deal. Musk, who has received commitments for debt and equity financing, may need to sell additional shares of Tesla to finance the purchase. He could also sell shares of SpaceX, borrow against his holdings in Tesla or SpaceX, or raise money from other investors.
Musk's text messages from earlier this year, which were revealed recently during an ongoing legal battle with Twitter, showed conversations to raise billions from wealthy contacts of his, including Oracle co-founder Larry Ellison. Musk's Semi truck announcement did not immediately jolt Tesla stock higher. Tesla shares fell roughly 5% in trading Friday morning.
Tesla did not respond to a request for comment and generally does not engage with professional news media.
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