Funding Not Secured: Musk’s Explanations About Taking Tesla Private Do Not Work

Linette Lopez, writing for Business Insider:

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. And that could spell serious trouble for Musk.

Isn’t it abundantly clear that Musk’s tweet was reckless, and the last week has been Musk and Tesla’s board of directors desperately trying to do damage control?

★ Monday, 13 August 2018