Published: Tue, August 28, 2018
Finance | By Jaime Brady

Tesla reportedly got buyout interest from Volkswagen

Tesla reportedly got buyout interest from Volkswagen

Since Musk announced his plan to delist Tesla, its share price has dropped by 20%. He said he had expected a challenging process to take Tesla private, but concluded that "it's clear that it would be even more time-consuming and distracting than initially anticipated".

Tesla investors are likely to suffer a lengthy hangover from Elon Musk's aborted offer to take the company private, Wall Street has warned. The bold tweet sent Tesla's stock skywards but it also drew intense scrutiny. Several investors have also sued Tesla, alleging that Musk's announcement was meant to manipulate the price of the company's stock. The Saudi Arabian sovereign wealth funds Musk said he was talking to had "shown no interest" in buying out Tesla according to Reuters. "W$3 ith every blog post and with every statement since his initial tweets we have seen admissions from Mr. Musk that basically there was no reasonable basis to believe his tweets were true".

Tiger Woods expecting to win a title "soon"
He won the Masters in 1985 and 1993, played in the Ryder Cup 10 times and was the winning captain in 2004. Beginning on the back nine at the Ridgewood Country Club, a composite layout of the 27-hole A.W.

Thomas Cook evacuates 300 from Egyptian hotel after couple's deaths
He said that Mr Cooper had complained of low blood pressure and was treated by the hotel's on-site doctor on the day he died. She explained that they had all enjoyed a meal together before the Coopers went to bed at around 1.30am.

NRA spokeswoman calls for end to gun-free zones after Jacksonville shooting
The shooting comes two days after a gunman killed one person and injured two at a high school football game, which Florida Sen. Tony Montagnino, who goes by "G-Tech", said that he got struck twice in the lower body: "One went through".

Notes from Wall Street analysts questioned Musk's credibility going forward in the face of a possible investigation by the U.S. Securities and Exchange Commission into the factual accuracy of an August 7 tweet that funding for the buyout deal was "secured".

While the Saudis were open to making a significant investment in the effort as a way to help the kingdom hedge against oil and attract technology expertise to the region, the fund mainly was interested in a minority stake to limit its exposure to a single deal and save resources for other projects, the people said. Banks had at most just a couple of weeks to assess the situation, after being brought in to advise only after Musk's initial tweet, said the people, who asked not to be identified as the details aren't public. Well, if you recall, the company's CEO Elon Musk has been stirring the Tesla pot lately. "Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was 'please don't do this, '" Musk wrote. Musk's plans for Tesla are reportedly being scrutinized by the SEC, especially in the "funding secured" part of his shock announcement on Twitter. People close to Musk have said that he might have been "overly simplistic" in his thinking, the New York Times suggests.

Like this: