One of Tesla's biggest shareholders has claimed that the electric auto company could be worth far more than the $420 a share that Elon Musk, its founder, said he was prepared to offer in a tweet that rocked Wall Street on Tuesday. In his first tweet he said funding was secured but provided no details.
Several members of Tesla's board said in a statement Wednesday the board has met "several times" over the last week to discuss Musk's plan to take the company private. Musk tweeted on Tuesday that he was considering a buyout plan at $420 per share, or 22% above Tesla's opening price that day and still almost 14% more than its opening quote on Wednesday.
Tesla released a statement Tuesday, which was emailed to employees hours earlier, laying out how and why the automaker would go private.
A nine-word tweet sent by Tesla CEO Elon Musk helped earned the tech entrepreneur $1.4 billion in a single day.
"This proposal to go private would ultimately be finalized through a vote of our shareholders", Musk said in explaining the potential move. "And if you stay as a shareholder you get less information than before and you depend more and more on Elon Musk".
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Thousands of his supporters gathered outside the hospital in Chennai to mourn his demise, as scores of policemen kept watch. Vijayan said Karunanidhi was one of the greats of Indian politics, but his contributions were not limited to politics.
Scepticism about the legitimacy of Musk's proposed deal surfaced nearly immediately after Musk dropped the bombshell on his Twitter account a few hours after the stock market opened on Tuesday.
Some on Wall Street shared that view.
The deal would be the biggest leveraged buyout of all time, beating the $45 billion record set by Texas power utility Energy Future Holdings.
"Earlier today, I announced that I'm considering taking Tesla private at a price of $420/share".
SoftBank is now not interested in a deal for Tesla after earlier this year taking a stake in General Motors Co's self-driving unit, Cruise, Reuters reported earlier. That report had already partly lifted Tesla's stock. In the message, Musk said the move was "the best path forward" and would protect Tesla from making decisions based on market pressure rather than its long-term best interests. Tesla was trading around $300 per share in April 2017 when the talks reportedly fell through.
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The countries have also been at odds over the Syrian civil war and the Russian annexation of Crimea. Seagal once referred to Putin as "one of the great living world leaders".
There still are near-term execution risks around ramping up Model 3 production and the ability to generate cash, Jonas believes.
Bloomberg's Selina Wang and Giles Turner reported that Musk and Son failed to reach an agreement over the structure of the company, citing sources.
They did not include Mr Musk, his brother Kimbal Musk, and Steve Jurvetson, a venture capitalist.
He's also Tesla's largest shareholder.
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President Donald Trump speaks at a rally at Olentangy Orange High School in Lewis Center, Ohio, Saturday, Aug. 4, 2018. Trump also brought to the stage OH congressman Jim Jordan, calling him "a tough cookie".