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Originally Posted by dewilson58
It would be entertaining to see who would loan him money to take it private. He is so full of hot air and BS.
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Musk said today that Tesla will not borrow money to go private.
Update on Taking Tesla Private | Tesla
He has talked to the major holders of the stock, about 70% of the outstanding shares, and most said they will move to the private company so there would be no need to purchase their shares.
He said the remaining 30%, small investors, would have the option of doing the same thing and he expected most would. There is a big question whether or not that is legal though because most of them are not "accredited investors".
He implied the Saudi's would buy any of the stock of any current investors who didn't join the private company.
Of course none of that insures that it will actually happen...