Selling some of his stock could free up funds to pay the taxes.
Musk had previously said he would have to exercise a large number of stock options in the next three months, which would create a big tax bill.
Lil Baby started dating Instagram model and entrepreneur Jayda in 2016 and the pair had a child together in 2019.
According to Instagram gossip page , Ms London made the allegations on her Twitter account In now-deleted tweets, the star made the accusations but refused to mention the rapper by name, instead naming his girlfriend, Jayda Cheaves.
The electric-vehicle maker's shares were down 6.
Including stock options, Musk owns a 23 percent stake in Tesla, the world's most valuable car company.