Elon Musk: considering taking Tesla private at $420. Funding secured – update

Elon Musk at the Tesla Model 3 Handover Event – 28 July, 2017
Credit: Tesla/YouTube

Update: not gonna happen
https://hhg2tech.blogspot.com/2018/08/elon-musk-staying-public.html

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

A few expressed concerns for how this would impact retail investors. In fact, their interests seem to have been provided for:

My hope is *all* current investors remain with Tesla even if we’re private. Would create special purpose fund enabling anyone to stay with Tesla. Already do this with Fidelity’s SpaceX investment.

— Elon Musk (@elonmusk) August 7, 2018

Either way, many would be glad to see the short sellers lose in excess of $12 billion¹ – $1.3 billion on paper so far.²

Reuters: Tesla statement on potential deal to go private
https://www.reuters.com/article/us-tesla-musk-text/tesla-statement-on-potential-deal-to-go-private-idUSKBN1KS277

Electrek: “Elon Musk elaborates on plans for Tesla to go private in email to employees: says structure would be much like SpaceX”, https://electrek.co/2018/08/07/elon-musk-tesla-privsate-plans-like-spacex/
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¹ Electrek: “Elon Musk elaborates on plans for Tesla to go private in email to employees: says structure would be much like SpaceX”, https://electrek.co/2018/08/07/elon-musk-tesla-privsate-plans-like-spacex/

² CNBC: “Elon Musk’s tweet about going private costs Tesla short sellers $1.3 billion”, https://www.cnbc.com/2018/08/07/elon-musks-tweet-about-going-private-costs-tesla-short-sellers-more-t.html

/ tesla shorts burn burned Elon Musk /