Elon Musk plans to rely more heavily on equity to finance his $44 billion deal for Twitter Inc. TWTR, +3.91% amid a sharp decline in Tesla Inc. TSLA, +4.88% stock in recent weeks.
Musk’s funding plan now includes $33.5 billion in equity, up from $27.25 billion, according to a Wednesday regulatory filing. He no longer plans to rely on a margin loan backed by Tesla shares, which are down by about a third since he struck a deal with Twitter in late April.