Tesla's board, a nine-member group that includes Musk's younger brother Kimbal, issued a belated statement Wednesday morning saying Musk had "opened a discussion" last week with the board about the benefits of taking Tesla 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. The company already has a $2 billion investment from Saudi Arabia's sovereign fund as well as Tencent, which took a 5 percent stake in 2017. Shares were down 3 percent in premarket trading after closing up 11 percent at $379.57 on Tuesday.
In subsequent tweets, Mr. Musk said that going private would end "negative propaganda" from short sellers. Korus said he would need more details from Musk to judge whether a buyout offer would be practical and at what price it would be attractive. But they did not reveal who or what institution Musk may have been referring to when he posted "funding secured".
Some Wall Street analysts were skeptical of Musk's ability to gather the huge financial backing to complete such a deal, given that Tesla loses money, has $10.9 billion of debt and its bonds are rated junk by credit ratings agencies.
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That would put the storm on a virtual collision course with Kilauea Volcano, situated on the southern portion of the island. Forecast models show the storm passing near the island to the south Wednesday.
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Broad, himself, initially concerned for his bowling partner, could not control his laughter at Anderson's misfortune. The duo recently featured in England's 31-run win over India in the first of the five-match Test series.
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Officials said more than 2000 people had been evacuated from the three Gili islands, where fears of another tsunami spread. Writing on Twitter, they said: "An Indonesian Red Cross volunteer helped Sri Handayani give birth to her new born baby".
China's Tencent Holdings Ltd, which took a 5-percent stake in Tesla previous year, could also be a possible partner. "And if you stay as a shareholder you get less information than before and you depend more and more on Elon Musk".
Several members of Tesla's board issued a joint statement on the company's investor-relations site.
Former SEC chair Harvey Pitt told CNBC that while the USA stock market regulator permits executives of publicly listed companies to use social media to make statements about their businesses, Musk's tweet was still "highly unprecedented".