SoylentNews is people
SoylentNews
Elon Musk Considers Taking Tesla Private
Elon Musk Makes $82 Billion Gambit to Silence Tesla Critics
Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla Inc. off the market. Taking the electric-car company private at the price he touted would amount to an $82 billion valuation, a monumental sum that left many investors wondering: Is this a joke?
It wasn't.
[...] "The reason for doing this is all about creating the environment for Tesla to operate best," Musk, 47, wrote Tuesday in an email to employees. He said wild swings in the carmaker's stock price are a "major distraction" to Tesla workers, who are all shareholders. And he said that being public "puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term."
To take Tesla private, Musk would have to pull off the largest leveraged buyout in history, surpassing Texas electric utility TXU's in 2007. And Tesla doesn't fit the typical profile of a company that can raise tens of billions of dollars of debt to fund such a deal.
[...] "The market doesn't believe him," said David Kudla, the CEO of Mainstay Capital Management, which is betting against Tesla. "His credibility has come into question over a number of things. If this were real, you'd expect the stock to go closer to $420 a share than it has." Most major buyouts also require a trip to the junk bond markets, where Tesla has fallen out of favor.
Tesla Shares Resume Trading, Musk Posts Blog on Why Company Should Go Private
"Tesla resumed trading on the Nasdaq exchange after a nearly two-hour pause on Tuesday afternoon, shortly after the company confirmed in a blog post that CEO Elon Musk is considering taking the electric car maker private at $420 per share."
foxbusiness.com/markets/elon-musk-fires-up-tesla-blog-to-explain-idea-of-going-private
(Score: 5, Funny) by Anonymous Coward on Thursday August 09 2018, @08:35PM (8 children)
The real donald trump didn't write that, not once does it complain about immigrants, liberals, or the investigation into his and his family activities.
(Score: 2, Informative) by Sulla on Thursday August 09 2018, @08:40PM (4 children)
Seems more like you don't actually read what the real Donald Trump says or writes. Just because the fake news only report on specific things he says does not mean thats the only things he says.
Ceterum censeo Sinae esse delendam
(Score: 2, Touché) by Anonymous Coward on Thursday August 09 2018, @09:29PM (1 child)
"the fake news"
and you are defending Trump
when will the cognitive dissonance reach a harmonic that blows out the neural circuits?
(Score: 2) by c0lo on Friday August 10 2018, @12:12AM
I reckon they are already blown up, what he's writing is consistent with the hypothesis
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 4, Insightful) by DeathMonkey on Thursday August 09 2018, @09:52PM
FAKE NEWS, he only whines about his persecution complex 99% of the time!
(Score: 2) by Aegis on Thursday August 09 2018, @10:42PM
FAKE NEWS! [twitter.com]
(Score: 0) by Anonymous Coward on Thursday August 09 2018, @08:43PM
The saudis are attempting to buy a majority stake, which is why he's doing this desperation move.
(Score: 3, Informative) by takyon on Thursday August 09 2018, @08:45PM
☆ @realDonaldTrump (6614) ✓ VERIFIED BY 🆂OYLENTNEW🆂. ✔
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
(Score: 2, Troll) by realDonaldTrump on Thursday August 09 2018, @09:32PM
I didn't write it, that's so true. I quoted it from FOX Business. Very big story there, they have so many articles & video about that one..........
foxbusiness.com/business-leaders/ford-has-no-issues-being-a-public-company [foxbusiness.com]
foxbusiness.com/markets/tesla-shares-down-as-wall-street-digests-take-private-plan [foxbusiness.com]
foxbusiness.com/business-leaders/teslas-elon-musk-is-1-4-billion-richer-amid-talk-of-going-private [foxbusiness.com]
video.foxbusiness.com/v/5819697225001 [foxbusiness.com]
Enjoy!
And many people are saying, let's take our government private!