Musk previously revealed that he has sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase.
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Shares of Tesla Inc. fell 4% in early trading Thursday after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares.
Oracle CEO Mark Hurd has died. He was 62. The company on Friday confirmed his death. Hurd was on medical leave, and the company did not disclose a cause of death.
Tesla is naming Oracle's Larry Ellison and an executive from Walgreens to its board as part of a settlement with U.S. regulators who demanded more oversight of CEO Elon Musk.