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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Don Green who wrote (21170)8/9/2018 2:36:20 PM
From: sixty2nds  Read Replies (1) of 33421
 
Hello All.

<<<Will the deal go through? Musk is confident. “Investor support is confirmed,” he tweeted. “Only reason why this is not certain is that it’s contingent on a shareholder vote.” But that’s note quite right. Tesla’s board of directors must sign off on the plan. The SEC is looking into the unusual and unexpected affair. And, most of all, a buyer must step forward.>>>

It has been reported that The Saudi Sovereign fund owns 3-5% of TSLA

reuters.com

Reuters Staff

1 MIN READ

(Reuters) - Saudi Arabia’s sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built a significant stake in Tesla Inc, the Financial Times reported on Tuesday, citing people with direct knowledge of the matter.

FILE PHOTO: A Tesla sales and service center is shown in Costa Mesa, California, U.S., June 28, 2018. REUTERS/Mike Blake/File Photo

Saudi's Public Investment Fund built the undisclosed stake of between 3 and 5 percent of the electric car maker's shares this year, according to the report. ( on.ft.com/2vq9b39)

Tesla’s shares were up nearly 5 percent at $357.91 in afternoon trading.

PIF did not immediately respond to a request for comment, while Tesla declined to comment.

Reporting by Sonam Rai in Bengaluru; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.

Remember the Solar City roll up into TSLA?

The Board will rubber-stamp a go Private move.

Why couldn't Musk move the TSLA shares to a more friendly stock market.

TSLA has BIG plans in China.

IMO...
Bernie Madoff must be feeling small minded.
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