Y Combinator’s Garry Tan Goes to the MatRead more

Briefing

Musk’s Texts Show Tussle with Saudis in ‘Funding Secured’ Debacle

By
Amir Efrati
· · Source: The Information

Last week Tesla CEO Elon Musk showed he had ostensibly lined up enough funds to take Twitter private as part of his $43 billion takeover offer for the social media app. But that wasn’t necessarily the case back in August 2018, when Musk shocked the business world by tweeting he had “funding secured” to take Tesla private at $420 per share during a tough patch for the electric vehicle maker. ...

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