Tesla shares fall again on doubts about go-private deal

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After giving a "tearful" interview to The New York Times, Tesla Chairman and CEO Elon Musk sat with popular You Tuber Marques Brownlee for a chat, revealing his plans for a mass-market electric vehicle priced as low as $25,000.

Analysts from the USA bank had upped its forecast from $198 to $308 after a roughly $100 surge in Tesla stock following Musk's tweets on August 7 and the note on Monday was the latest evidence of scepticism about the deal on Wall Street.

The disparities between Musk's tweet and his explanation have sparked at least one subpoena from the Securities and Exchange Commission, the US's top stock regulator, a handful of class-action lawsuits from investors, and doubt among sell-side analysts. Nothing will get easier this week as he and Tesla's board align with their separate sets of legal and financial advisers, all amid inquiries from United States securities regulators.

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Tesla has marketed its top-of-the-line models that boast head-snapping acceleration as having "Insane" and "Ludicrous" modes.

The Public Investment Fund, or Pif as it is often called, had been encouraging Mr Musk to engineer a take-private deal for nearly two years, ... "In an open letter on her Thrive Global website, Huffington explained that humans, just like Musk's electric cars, need time to recharge".

Just after 2:30 a.m. Sunday morning, Musk responded, saying that "Ford & Tesla are the only 2 American auto companies to avoid bankruptcy".

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One analyst said Musk and Tesla investors face a hard dilemma. He later said that meeting with Saudi Arabia's sovereign wealth fund had given him confidence to announce the news. She added in a tweet that the Tesla founder should change the way he works.

"This is why I referred to "funding secured" in the August 7 announcement", he said, referring to his surprise tweet on that date that he was thinking about taking Tesla private. It is not clear when this vehicle will become available, though the company is accepting refundable deposits of $2,500 from consumers on its website. Since then? Silence. There had been talk back in 2016 of a factory in Arizona and of a new headquarters facility in Silicon Valley last fall, but while Tesla has been going through production hell, Lucid seems to have been in suspended animation mode.

While JP Morgan has adopted a critical stance on Tesla, Oppenheimer & Co Inc senior analyst Colin Rusch maintained a more optimistic outlook on the company, stating that Tesla's fundamentals are starting to get better.

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