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Funding Not Secured: Musk's Explanations About Taking Tesla Private Does Not Work

by businessinsider.com posted 1year ago 41 views
In a blog post, Elon Musk attempted to explain why he said last week that he had "funding secured" for a deal to take Tesla private. His explanation doesn't hold water for anyone who understands finance, sovereign wealth funds, or the passage of time. Elon Musk has written a blog post explaining why he said last week on Twitter that he might take Tesla private at $420 a share. "Funding secured," he declared in the tweet. But after reading Musk's new post, the only conclusion to be drawn is that funding was, in fact, not secured.

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