“Given the haphazard process of disclosure last afternoon, our initial impression was that Elon Musk sprung his plan of going private upon the public without consulting Tesla’s board of directors or major shareholders,” Bernstein analysts said in a note titled “Going private? Most analysts were skeptical, but some said a deal could materialize if Musk succeeded in lining up the right funding. “Elon’s tone and messaging regarding a potential transaction lead us to believe that there could be significant outside funding lined up,” RBC analysts said. …read more
Source:: Yahoo Finance
