Tesla going private. Funding secured - Deepstash
Tesla going private. Funding secured

Tesla going private. Funding secured

On the question is funding was really secured, Elon Musk stated that “the funding was indeed secured”. However, the SEC San Francisco office still pursued an active public investigation.

The banks then warned Elon that if he didn’t settle with the SEC, they would cease to provide working capital and Tesla would go bankrupt immediately. The result was that Elon was forced to admit that he lied, even though it was false, to save Tesla's life. “I was forced to concede to the SEC, unlawfully, those bastards.”


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"With great power comes great responsibility". We all know who said that, but it's so true.

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