"Financing secured", but with who?
Since Musk said "financing secured" in his tweet about a $420 takeover price, the market has been wondering who has he secured the financing with. The company hasn't disclosed that but one person he spoke with was Softbank, according to Bloomberg. In 2017 talks they 'touched' on taking the company private but they had disagreements over control and Softbank was said to see Tesla as overvalued.
Softbank has put up some major investments in companies called 'overvalued' so them saying the price on Tesla was too high is not exactly a great sign.
Shares of TSLA are down $7.66 to $371.63.
