Technology News from the World's Most Influential Companies
The average person almost never thinks about how a private jet charter service would cost, simply because we assume that it’s going to be beyond our reach, so why bother, right? While that was true until a few years ago, it’s equally true that private jet charters aren’t selling at sky-high prices anymore, pardon the…
What is a private cloud? What are the advantages and disadvantages of a private cloud.
Elon Musk’s announcement early this month that he is planning to take Tesla private shocked every one, and his decision to reverse course, announced through a late Friday night blog post this week, did bring some cheer back to the faces of long term shareholders. The Forwards Am considering taking Tesla private at $420. Funding…
Tesla CEO Elon Musk shocked everyone early this month by announcing his intention to take Tesla private; many believed that the transaction would never go through. The reason: there isn’t enough money in the private investor world to delist a company of Tesla’s size. I strongly believe that assessment is a half-baked one, that there…
Morgan Stanley has followed Goldman Sachs footsteps and dropped its ratings coverage on Tesla. Though there is no official information from Morgan Stanley on why the bank is no longer providing equity coverage on Tesla stock, its not that hard to guess the reason. Morgan Stanley may be gearing up to advice Tesla. It was…
According to a recent report, “Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors.” Tesla does lose the ability to sell new…
Tesla CEO Elon Musk wants to take Tesla private with a valuation of $420 per share. Though its a bit unclear how and when Elon Musk and his supporters will make a formal buyout offer, the more we look at Tesla and Elon Musk’s activity, the more it looks like the plan has been in…
According to a recent Reuters report, Bankers are saying that Saudi fund “could handle part of taking Tesla private, but not necessarily a large part of it and certainly not all of it”. A few days ago, Reuters reported that, ” Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc…
After a week full of “Has Elon really Secured Funding?” question and answer sessions, Elon Musk and Tesla are going full steam ahead to take Tesla Private. Tesla, Inc. announced today that the company’s Board of Directors has formed a special committee to evaluate Elon Musk’s proposal to take Tesla Private and pour over alternatives to…
Surprisingly, Goldman Sachs makes the cut. Tesla CEO Elon Musk announced via twitter few hours ago that he has a legal and financial team in place to assist his take private bid. He said, “I’m excited to work with Silver Lake and Goldman Sachs as financial advisors, plus Wachtell, Lipton, Rosen & Katz and Munger,…
Elon Musk took to his blog to clear up all confusion related to taking Tesla private and why he said “funding secured”. The whole mystery surrounding the potential investor for the take-private buyout has now been cleared, so hopefully we’ll see a little less media attention on who will fund the deal and how much money…
Reuters reported last week that the Saudi Arabia Public Investment Fund (PIF), the nation’s sovereign fund, doesn’t see itself investing in a Tesla take-private deal. The reason one source gave was that they’ve already invested in GM Cruise, but another source revealed that the PIF wouldn’t make any such decision without consulting SoftBank, in whose…
Earlier this week Tesla CEO Elon Musk made a bold statement on Twitter that he plans to take the company private, and that he already had “funding secured”. While that set the market abuzz with rumors and assumptions, there’s still no confirmation about who the mysterious entity is that has promised to back such a…
The take-private deal teased by Musk and being contemplated by Tesla’s BOD has been pegged as the largest transaction of its kind if it goes through. But most media reports seem to be counting it wrong. At $420 a share, the market cap will be roughly about $70 billion. Take out Musk’s 20% and you…
It might be a good idea for Tesla to go private, but there are a few things CEO Elon Musk has dribbled out in tweets that are contrary to all the known methods of taking a public company of this size private. First of all, there’s a limit on how many investors a company can…
