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Old 14th August 2018, 14:58   #16
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Default Re: Tesla likely to go Private

With the current debt of $9.5 billion, going private is a financial blunder. With more debt and that too with increasing interest rates, generating profits would be even more harder.

Also, the new tax law in the US further makes it expensive to carry debt for companies.

The only gain is that Mr. Musk will not have to answer good reasonable questions from the investors and can go on with the twitter heroics without disturbance.

On the flip side, he will be left with less people to blame for missing targets.
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Old 15th August 2018, 10:24   #17
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Default Re: Tesla likely to go Private

Tesla’s board and Elon Musk are each going forward with their own teams to evaluate the yet-to-be-official take-private proposal.

The board created a special committee to evaluate the proposal.

The CEO retained his own counsel and financial advisers:

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Old 16th August 2018, 07:26   #18
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Default Re: Tesla likely to go Private

Tesla's stock tumbles as SEC issues summons to the automaker.

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The basis of the lawsuit and presumably of the SEC probe question is if that would justify claiming that the funding is “secured”.
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