Questions America Wants Answered: Where Is Tesla's Classify 13E-3? (Tsla)

From ZeroHedge: 

Musk's LBO Plan Triggers Furious Controversy, And One Burning Question

Update: almost ane 24-hour interval after the Musk tweet, Tesla Board members Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, too James Murdoch, finally issued a statement:

Last week, Elon opened a word alongside the board virtually taking the fellowship private. This included word every bit to how beingness somebody could improve serve Tesla’s long-term interests, too besides addressed the funding for this to occur. The board has met several times over the in conclusion calendar week too is taking the appropriate side yesteryear side steps to evaluate this.

It was non straight off clear simply what the board way when it says it volition "address the funding" for the bargain to occur if, every bit Musk said previously, it was already secured.

* * *

No fellowship has the mightiness to twist a wedge of discord every bit deeply too mercilessly betwixt its fanatical fan base of operations too its rabid skeptics too shorts every bit Tesla, too ane 24-hour interval after Elon Musk's shocking, bizarre Tesla "going private" annunciation on twitter, coupled alongside a vow that "funding is secured", the disagreement has, predictably, never been greater.

On ane hand, at that topographic point are those who enjoin the bargain can happen, too non alone that but it would eventually accept house at a higher cost than the stated $420/share, a valuation of $82 billion which would arrive the biggest LBO inward history, far greater than the ill-fated (and afterward bankrupt) TXU which marked the elevation of the in conclusion fiscal bubble. Keep inward heed TXU had gobs of positive complimentary cash menstruation when it was LBOed over a decade ago; Tesla has lost coin on an operating terra firma every yr since going world too has been burning through billions of dollars.

This morning, Baird analyst, too Tesla cheerleader, Ben Kallo said that Tesla holders would probable force for a go-private cost inward a higher house the $420 per percentage that Musk suggested, too the stock cost may top that grade every bit investors need a higher premium too shorts encompass positions. To live on sure, alongside the stock trading over $50 below the LBO price, the marketplace clearly sees "problems" alongside the bargain every bit it is structure.

As Kallo farther notes, Musk’s comment that "funding has been secured" for the bargain indicates that the fellowship has access to multiple external majuscule sources (even if Musk has inexplicably refused to utter over these, to a greater extent than on that below). Kallo besides claims that Tesla’s conclusion non to number shares for the reported 3%-5% stake taken yesteryear Saudi Arabia’s Public Investment Fund underscores company’s confidence inward its mightiness to generate majuscule internally.

Loup Ventures analyst too managing partner Gene Munster, echoed Kallo's optimism, proverb that taking Tesla somebody "makes a ton of sense" from Musk’s perspective although fifty-fifty Munster - roughly other of Tesla’s biggest bulls - assigns a pocket-size likelihood that the bargain goes through. "Musk does non desire to run a world company,” Munster said. “Our gauge is at that topographic point is a 1 inward iii hazard he tin truly force this off."

Then at that topographic point are the skeptics....

....MUCH MORE

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"...to secure funding for the Tesla LBO?"

(buy gold)