Quote:
Originally Posted by Dan9871
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... |
He would have to get all insiders (25%), all top 10 Institutions (40%) and most top 10 Mutual Funds (12%). They would have significantly less protection without being Public.
