Tesla CEO's buyout bid raises eyebrows, legal concerns

Tesla CEO's buyout bid raises eyebrows, legal concerns

7 years ago
Anonymous $oIHRkISgaL

https://apnews.com/509cd18612154f0185ef0c88457a98db

SAN FRANCISCO (AP) — Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal.

Almost everything about the deal is outlandish, from Musk's out-of-the-blue disclosure in a nine-word tweet to the assertion that he has lined up adequate financing to a buy a company that seems to burn through cash faster than it produces cars.