Tesla investors caught up in buy-out maelstrom

Elon Musk’s sensational claim to have funding in place to take Tesla private stunned the US capital markets this week, but the lack of substantive detail to the plan has largely reversed an initial rally in the firm’s equity and debt instruments, as well as reportedly drawing the attention of the Securities Exchange Commission. Aidan Gregory and David Bell report.

  • By Aidan Gregory, David Bell
  • 09 Aug 2018

Tesla's founder and CEO tweeted on Tuesday that he had secured funding to take the company private at $420 a share, prompting an 11% spike in its share price, despite the unorthodox nature of the declaration.

But more than two days later, no more details have emerged of the ...

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