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Company. musk also says he consulted investment firms goldman sachs, morgan stanley and silver lake. the ceo's august 7th tweet said tesla would pay 420 bucks a share to buy out shareholders and take the company private. now that was a 23% premium over the prior day's closing price and would have valued the company at 72 billion dollars. that tweet said musk had secured funding for the deal which would relieve tesla from the short-term pressures of reporting quarterly results. and later, musk said he only expected one third of shareholders to take that deal. the result, tesla's stock roared up...

Remain publicly traded, that reverses his controversial tweet from just a few weeks ago, that he was going to take the company private. elon musk last night writing that he changed his mind after getting feedback from investors including some large institutions that said they have rules limiting the amount of money they can invest in to a private company. musk releasing a statement reading in part, quote, given the feedback i've received, it's apparent that most of tesla's existing shareholders believe we are better off as a public company. musk says he consulted with several investment firms ...

Question -- how much trouble is elon musk in heresome. >> well, you know, tweeting that you're going to take a company private at a $72 billion valuation and you don't really have your financing secured is a problem. but musk and tesla have even a bigger problem. if you look in the second quarter, everyone or who bought a tesla if you open the front trunk, there's a virtual 17 grand sitting there. the company lost 700 and something million dollars, and they shipped 41,000 cars. i'm more concerned of tesla as a going concern. this thing is bleeding cash. and if you look at their finances, they'...

The ceo's august 7th tweets said tesla would pay 420 bucks a share to buyout shareholders and take the company private, that was 23% premium over the prior days closing price and what value the company at $72 billion. that tweet said musk secured funding for the deal which would relieve tesla from short-term pressure of reporting quarterly results. now, later musk said he only expected one-third of share hold toaster take that deal, the result tesla stock roared up 11% the day of the tweet although it has since given back all of those gains and is below the price when musk first tweeted. the s...

For the $3.9 billion deal, which as you know, u.s. president donald trump had voiced his support for in the past. in the lawsuit they cite belligerent and unnecessarily protracted negotiations with tesla's board could ask elon musk to recuse himself when it comes to the discussions as to whether or not to move forward on that plan to take the company private. now, all in all, this could be a $72 billion deal, closer to $80 billion if you count the debt involved. so many questions still to be answered here on exactly where elon musk intends to get that financing. expect to get answer there's in