As per two people familiar with the fundraising effort, Jared Birchall, the managing director of Elon Musk's family office, contacted potential investors this week. Mr. Gerber claimed that less than $1 million had previously been contributed by his company to support Mr. Musk's acquisition of Twitter, which was finalized in late October at a price of $54.20 per share. Existing Twitter shareholders would likely lose money if additional equity investments were made. It wasn't immediately possible to determine how much the most recent fundraising effort may have diluted the stock. This week, Mr. Musk sold shares of Tesla Inc. worth more than $3.5 billion. His second round of sales following the acquisition of Twitter Inc. In a three-day period that ended on December 14, Mr. Musk sold nearly 22 million Tesla shares, according to a regulatory disclosure that was made public on Wednesday. Twitter's ownership by Mr. Musk has had a turbulent start. Mr.