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Well, the jury is still out on that. Musk claims funding was secured and he was forced to settle with the SEC. https://www.youtube.com/watch?v=vzY_jIJaZwk htt
by dev_tty01 4y ago
Well, the jury is still out on that. Musk claims funding was secured and he was forced to settle with the SEC.
https://www.youtube.com/watch?v=vzY_jIJaZwk https://www.youtube.com/watch?v=vzY_jIJaZwk
Hard to really know the facts, but things may not be as they appear. In this case however, he has filed the SEC docs to verify that funding is secured.
- seoaeu 4y agoThe people Musk said he had funding secured from for taking Tesla private immediately denied it. To the point of saying they’d only had a single conversation with him, and never discussed price
- skellington 4y agoCan you tell us more about the detailed internal discussions that happened between Musk and N other parties concerning possible funding for taking Tesla private? You seem to be an authority on the subject.
- seoaeu 4y ago“It turned out that he had had a single casual conversation with representatives of a Saudi sovereign wealth fund in which they did not discuss the price of the deal or how much money the Saudis were willing to invest; ultimately Musk settled fraud charges with the Securities and Exchange Commission over this tweet.” https://www.bloomberg.com/opinion/articles/2022-04-20/elon-checks-his-pockets https://www.bloomberg.com/opinion/articles/2022-04-20/elon-c...
- zionic 4y agoHe had verbal commitment from someone who claimed (and he believed) to have final authority to execute the deal.
- misiti3780 4y agoThey are probably kicking themselves at this point though, given the trajectory TSLA seems to be on at this point.