Tesla surges after Elon Musk offers details about his ‘funding secured’ tweet (TSLA)

elon musk

Tesla CEO Elon Musk wrote in a blog post Monday that he left a meeting on July 31 with “no question that a deal with the Saudi sovereign fund could be closed.”
The blog post offers new details into Tesla’s plan to go private at $420 per share, which the billionaire announced last week, saying funding had been secured. 
Shares initially surged to an all-time high, before wiping out all their gains as lawyers said the tweet may have broken securities laws and reports of the SEC investigating. 
Follow Tesla’s stock price in real-time here. 

Shares of Tesla surged as much as 3% in early-trading Monday, before paring their gains, after CEO Elon Musk published an update on his plans to take the company private at $420 a share. 

Despite tweeting on Tuesday that funding had been secured, Musk’s newest blog post appears to contradict that claim.  See the rest of the story at Business Insider

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SEE ALSO: Tesla’s surging stock has cost short sellers $3 billion this month

Original Article : HERE ; This post was curated & posted using : RealSpecific

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