Comment on ‘Not Even Close’: Analysts Reject Elon Musk’s Defense of Tesla ‘Funding Secured’ Claim

‘Not Even Close’: Analysts Reject Elon Musk’s Defense of Tesla ‘Funding Secured’ Claim

Various tech and business analysts are calling out Elon Musk on just how “secured” his funding for a potential deal to take Tesla private again actually is. Last week, billionaire tech mogul Elon Musk tweeted that he was “considering taking Tesla private at $420,” ending the brief message with a simple but profound two-word statement: “funding secured.” Less than a week later, Musk has walked back the audacious claim in a blog post where he said he had “no doubt” that Saudi Arabia’s Public Interest Fund would bankroll the deal.

 

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