Elon Musk is still seeking funding to take Tesla private, says report
This week, Elon Musk shocked markets with an unexpected plan to take Tesla private, removing all shares from public markets at an estimated cost of at least $50 billion. But while Musk claimed that funding for the move had already been secured, unnamed sources in a recent Bloomberg report say Tesla is still working to line up financial support from a variety of different sources.
According to the report, Tesla is currently seeking funding from a broad pool of investors, in part to avoid a concentration of ownership. Discussions are still in the early stages, and include fundamental questions about how the deal and resulting holdings will be structured. Additionally, Bloomberg spoke to individuals close to 16 financial and tech...
Published on 10 Aug 2018 at 08:31PM