Quote:
Originally Posted by dewilson58
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.
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Yes, but Musk's claim is that he already talked to those and most have agreed to going private. Some funds are not allowed to invest in a private company so those would drop out.
And the Saudi's would foot the bill for those who dropped out.
Musk also claims he has talked to other big investors who are also interested in investing in a private Tesla.
If what he is claiming isn't true he probably will be in big trouble with the SEC.
Even if all this is true it doesn't guarantee that private will happen and even if it does it doesn't guarantee Tesla will a success.