Published: Tue, August 14, 2018
Markets | By Noel Gibbs

Tesla forms committee to assess proposal to go private

Tesla forms committee to assess proposal to go private

"This is why I referred to "funding secured" in the August 7 announcement", he said, referring to his surprise tweet on that date that he was thinking about taking Tesla private. But Musk said he was also talking to other investors because he wanted to "continue to have a broad investor base". "He was stressed and red in the face".

'I waited around all weekend while Grimes coddled her boyfriend for being too stupid to know not to go on Twitter while on acid, ' she added on Instagram. She also wondered whether Grimes didn't want to collaborate at all, speculating that the trip was "probably some weird threesome sex shit to begin with".

She also went on a vicious rant about Grimes, who she branded an "idiot, Musk who she called a "beta male" and branded them both 'crackhead" in a rambling attack.

But the representative denied that Musk had ever met the rapper. "I saw him in the kitchen tucking his tail in between his legs scrounging for investors to cover his ass after that tweet", she told Business Insider.

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Goldman Sachs declined to comment.

In Instagram DMs with the publication, Banks said that Musk was "scrounging for investors" after tweeting out that he planned to take Tesla private and that he had funding "secured".

The Securities and Exchange Commission asked Tesla to report whether Musk's tweets were valid and asked him why he had not made the announcement in an official statement to the markets and investors.

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Shares in Tesla, which are still well below highs hit when Musk initially raised the prospect of the transaction last week, inched up 0.7% in trading before the bell.

Musk attempted to clear up his tweets in the blog post Monday.

"I left the July 31st meeting (with the Saudi fund) with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving", Musk said. Musk said the fund had "more than enough capital" for such a deal, but The Wall Street Journal pointed out that the fund is having difficulty financing its existing commitments. During the meeting, the Managing Director of the fund expressed regret that I had not moved forward previously on a going private transaction with them, and he strongly expressed his support for funding a going private transaction for Tesla at this time.

In 2016, accused Beyoncé on Twitter of stealing from other artists, while in June this year, she was kicked off Twitter for insulting RuPaul's Drag Race contestant Monet X Change.

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