Alva Review-Courier -

Tesla CEO's buyout bid raises eyebrows, legal concerns

 

August 9, 2018



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.

If Musk can pull it off, he will have burnished his reputation as an eccentric visionary who has...



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