• Elon Musk Reportedly Still Looking For Funding To Take Tesla Private

    5 days ago - By Ubergizmo

    Elon Musk recently took Tesla's shareholders and the market by surprise when he tweeted that he's considering taking Tesla private at $420 per share. He also mentioned in the tweet that funding for this endeavor has been secured. However, a new report claims that Musk is still working to bring in sufficient financial support for this transaction which is expected to cost at least $50 billion.
    Tesla, under its CEO Elon Musk, is reportedly looking for finding from a wide range of investors so as to prevent a concentration of ownership. Bloomberg reports that discussions are in early stages...
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