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The Story of Money

Taking Tesla private

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 14 August 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

What is behind Elon Musk's plan to take the electric carmaker private, and who will provide the funding? The FT's Arash Massoudi explains the story that has unfolded since the chief executive posted his "funding secured" tweet. Read more here


Review clips: CityTV, CNBC, MSNBC, Bloomberg. 


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Transcript

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0:00.0

Am I missing anything? Is this the right decision?

0:02.0

Is this a connection?

0:03.0

Are I too late?

0:05.0

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0:08.0

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0:12.0

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0:14.6

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0:21.1

facts, not opinions.

0:23.0

Clarity AI scaling human decisions through tech.

0:26.6

Visit clarity.

0:28.0

Aye and take action today.

0:29.7

Hi, I'm Amy Keene, and this is behind the money with the Financial Times.

0:37.0

Last week I talked to my colleague Richard Waters about Tesla,

0:40.0

and whether the company could find its weight of profitability.

0:43.0

They're simply burning through money, building these cars and not making any money on them.

0:48.0

And just a few hours after that episode came out,

0:51.0

Tesla became the biggest story on Wall Street.

0:54.3

We start with the tweet, heard around the world, or at least around Wall Street,

1:00.7

CEO Alon Musk creating chaos with a single tweet.

1:05.0

So how did we go from an earnings call focused on whether the electric car maker was going

1:09.6

to turn a profit next quarter to a 60- odd character tweak from Musk saying he was going to take

...

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