There’s a big problem with Elon Musk’s plan to take Tesla private

When I asked University of Arizona legal scholar William Sjostrom about the way Tesla CEO Elon Musk announced his plan to take his company private, he was scathing.

“A securities attorney would say ‘what the hell are you doing?'” Sjostrom told me on Wednesday.

When making a big, market-moving announcement, companies normally halt trading and provide the entire proposal in one well-vetted document—they don’t dribble it out in a series of tweets.

Almost two days…

Source link

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *