• Elon Musk says he wants to take Tesla private - here are 5 reasons that makes sense

    8 monthes ago - By Business Insider

    Tesla CEO Elon Musk announced on Tuesday that he's considering taking Tesla private .
    The financial world is unsure how he would do this, given that the deal will be enormous.
    But from where Musk and Tesla now sit, going private makes sense.
    Tesla CEO Elon Musk blew Wall Street's mind on Tuesday when, just after the Financial Times reported that the Saudi sovereign wealth fund had invested $2 billion in the company, he tweeted that he was considering taking the 15-year-old company private at $420 per share.
    The total value of such a deal would be more than $80 billion, including debt. Musk...
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  • Can Elon Musk Tweet That? The SEC May Have an Opinion

    Can Elon Musk Tweet That? The SEC May Have an Opinion

    8 monthes ago - By Fortune

    Tesla Inc. founder and Chief Executive Officer Elon Musk roiled trading and sowed confusion about his future plans after tweeting that he's considering taking the company private at $420 a share. The electric carmaker's stock soared as much as 8.5 percent after the tweet before trading was halted. Musk's tweet also sowed confusion over whether he meant it as a joke or whether he violated the U.S. Securities and Exchange Commission's fair-disclosure rules. But investors and securities lawyers are still scurrying to learn about an obscure SEC decision known as the Reed Hastings Rule.
    1. What...
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  • Tesla stock surge puts convertible bonds in the money

    8 monthes ago - By eFinancial News

    Elon Musk's tweet has had a salutary effect on his company's financing position - particularly its $2.3bn in two convertible bonds
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  • Elon Musk's Tesla stock boost may lower financial pressures for the carmaker

    8 monthes ago - By CNBC

    Tesla's stock price surge on Tuesday drove it above its $920 million March 2019 convertible debt's conversion price, potentially reducing future cash obligations for the company.
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