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Tesla sinks after Elon Musk opens up about ‘the most difficult and painful year’ of his career

Tesla CEO Elon Musk said the past year has been "the most difficult and painful year of my career," in a revealing New York Times interview published Thursday night.
Elon Musk at a SpaceX competition for Hyperloop pods in August 2017.

Elon Musk: Anyone who can do a better job as Tesla’s CEO ‘can have the reins right now’

"If you have anyone who can do a better job, please let me know," the billionaire told the New York Times in an interview. "They can have the job. Is there someone who can do the job better? They can have the reins right now.”
Tesla CEO Elon Musk is under fire from some of his fans for donations he made to a Republican political committee.

Elon Musk is gearing up for ‘months of extreme torture from the short-sellers’

Tesla CEO Elon Musk said the past year has been "the most difficult and painful year of my career," in a revealing New York Times interview published Thursday night.

IT’S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private

In a note to clients Wednesday, Goldman Sachs said it was removing price targets and stock ratings for Tesla and that it was acting as a financial advisor “in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for the stock."

Tesla sinks after report the SEC has issued subpoenas about Elon Musk’s ‘funding secured’ tweet

Further complicating Tesla’s situation were subsequent tweets from Musk, saying he was excited to work with Goldman Sachs and private equity firm Silver Lake on the transaction. However, Bloomberg reported that no formal agreement had been signed between the firms as of Tuesday.

Tesla’s dramatic recent stock rise and fall shows how skeptical investors are of his go-private plans

Tesla surged to a new record high last week, but shed all of its gains less than 48 hours later, indicated that Wall Street may not believe Elon Musk's grand plans for Tesla.

Tesla surges after Elon Musk offers details about his ‘financing secured’ tweet

The stock is still trading below where it was before Musk's first tweet about taking Tesla private on Tuesday.
SoftBank CEO Masayoshi Son

Elon Musk reportedly met with Japan’s SoftBank last year about taking Tesla private

SoftBank and its $100 billion Vision Fund have made a slew of investments in tech firms around the world. So far, it has bought a 20% stake in GM's Cruise autonomous driving unit and smaller investments in Uber, Nvidia, WeWork, and more.
Elon Musk during his presentation at the Tesla Powerpack Launch Event at Hornsdale Wind Farm on September 29, 2017 in Adelaide, Australia.

‘A private life is a happy life’: Here’s what Wall Street is saying about Tesla’s plan to leave the stock market

Analysts generally acknowledge the strain on Tesla that being public has placed against the company in the past, but also recognize that it needs access to capital that public markets can provide, and question the valuation Musk touted Tuesday.

Tesla’s surging stock has cost short sellers $3 billion this month

"If the market believes that Elon Musk’s financing is in place and the chances of a buyout are high, we should see short covering in size, driving Tesla’s stock price higher in the short term as short sellers attempt to close out their positions at lower than the $420 takeout price," said S3 Partners.