“Funding secured” versus “next steps to evaluate”
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A statement lands from the following members of Tesla’s Board of Directors: Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch. It says:
Last week, Elon opened a discussion with the board about taking the company private. This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to occur. The board has met several times over the last week and is taking the appropriate next steps to evaluate this.
Addressing the funding for this to occur doesn't quite sound like every piece of the jigsaw is in place for the lolBO just yet. No doubt an 8K filing will soon reveal all, as well as an explanation of why the result of these boardroom discussions was the decision to announce the plan during trading hours in a nine word tweet.
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