Elon Musk wants to take Tesla private

It's the weirdest thing -- Tesla has actually been falling since the announcement.

There's a takeover offer from the largest shareholder who claims that the "only reason why this is not certain is that it’s contingent on a shareholder vote" [1]. You'd think that the short sellers would scramble to close their positions, but it's apparently not happening.

On top of that, trade volume was way up yesterday. Who's selling their stock now with a takeover at a higher price being discussed?

It really seems as if nobody believes that this will go through.

[1] https://twitter.com/elonmusk/status/1026914941004001280

Title is actually "Taking Tesla Private". It's from an email for employees discussion rationale; "Tesla going private" (submitted title) suggests it's final (even though the email explicitly states, "a final decision has not yet been made")

Who will fund this idea? Did Musk convince a bank to give him another loan?

Edit: Based on this tweet[0], is Yandex involved in the funding? They already have self-driving taxis in Russia[1], so Tesla could give them an entry into the USA market. Or did Elon's twitter password get "haxed"?

[0] https://twitter.com/MegaUgolok/status/1027495151655178241

[1] https://www.youtube.com/watch?v=Bx08yRsR9ow

Another reminder that today's stock market sector needs to be reimagined for the 21st century.

duplicate https://news.ycombinator.com/item?id=17709799