1. Tesla Board to Tell Elon Musk to Recuse Himself, Prepares to review private plan

    Tesla Board to Tell Elon Musk to Recuse Himself, Prepares to review private plan

    The board plans to meet with advisors next week about taking Tesla private, and has told Musk that he needs his own separate set of advisers...

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    1. With 145 million shares, a buyout at $420/share would require $60 billion to take out all public shareholders. Even with the Saudi fund taking a 3 percent to 5 percent stake, that leaves a large funding gap. And credit markets may not be that receptive.
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