• Tesla is reportedly in early discussions with investors about funding to go private

    8 days ago - By Business Insider

    Joe Skipper / Reuters
    Tesla is in early discussions with some potential investors about the possibility of taking the company private, Bloomberg reports.
    According to the publication, the company is looking for a number of investors, rather than seeking a few, large stakeholders.
    The report appears to contrast with tweets from Tesla CEO Elon Musk on Tuesday, in which he said funding to take the company private was "secured" and indicated that a shareholder vote was the final step needed to finish a deal.
    According to Bloomberg, sources close to 16 financial firms and technology companies...
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  • Elon Musk's 'funding secured' tweet could cost Tesla millions, former SEC chairman says

    Elon Musk's 'funding secured' tweet could cost Tesla millions, former SEC chairman says

    8 days ago - By Business Insider

    Evan Vucci/AP Images
    The SEC is reportedly inquiring into a tweet from Tesla CEO Elon Musk about the potential for the company to go private.
    An inquiry from the SEC does not necessarily mean an investigation will follow, but if the agency does determine one is necessary, it will start by looking at a tweet Musk posted on Tuesday, Harvey Pitt, a former SEC chairman, told Business Insider.
    If Musk is found guilty of misconduct, potential punishments could range from hundreds of millions of dollars in fines to criminal prosecution.
    Nearly three days after Tesla CEO Elon Musk said he had...
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