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NYTimes BusinessAug 14, 2018
Tesla Directors Do Damage Control After Elon Musk Tweets
Tesla's board of directors has hired multiple outside law firms, and a number of board members and Tesla employees have urged Mr. Musk to stop posting on Twitter.

Google Business NewsAug 14, 2018
How to Solve a Problem Like Elon? - Wall Street Journal

Wall Street Journal

So, like the nuns of Nonnberg Abbey, if you're the Securities and Exchange Commission, what are you going to do? Elon Musk is extraordinarily popular with the public, with shareholders, with politicians. His company is worth $60 billion in the marketplace.
Is Tesla a cash cow, or simply a handful of beans?

Reuters BusinessAug 14, 2018
Musk bid for Tesla: no formal offer, no firm deals with advisers
Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.

UPDATE 1-Major Tesla shareholders trimmed stakes last quarter -filings (Reuters Company News)

MarketWatch MarketPulseAug 14, 2018
Dow, S&P 500 halt 4-session skid as Turkish lira angst takes a breather
U.S. stocks closed Tuesday's session solidly in the green, halting a multiday tumble for the three main equity benchmarks, which advanced as Turkey's currency slide abated, allowing investors to focus instead on a healthy domestic economy and strong corporate results. The Dow Jones Industrial Average rose 0.5% at 25,300 (on a preliminary basis), the S&P 500 index added 0.6% to 2,839, with all 11 sectors of the broad-based index finishing in positive territory. Both the Dow and the S&P 500 had fallen in the past four sessions. The technology-laden Nasdaq Composite Index , meanwhile, finished with a 0.7% higher at 7,871. In corporate news, shares of Tesla Inc. ended 2.3% lower after CEO Elon Musk late Monday said in a tweet that he was working with Goldman Sachs and private-equity firm Silver Lake on the electric-car maker's go-private plan. And shares of Shares of fashion retailer Tapestry Inc. jumped 11% after the parent of Coach and Kate Spade reported fiscal fourth-quarter earnings. The day's action was supported by a rebound in the Turkish lira which had fallen to a historic low against the dollar on Monday on intensifying concerns about the country's economic health.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

Google Market NewsAug 14, 2018
"Funding Secured," Mr. Musk? Or Is It More Like "Funding Securable"? - Motley Fool

Motley Fool

In this segment from Motley Fool Money, host Chris Hill is joined by analysts Jason Moser, David Kretzmann, and Andy Cross. They attempt to sum up last week's most bizarre business story: Tesla (NASDAQ:TSLA) CEO Elon Musk's explosive and surprising ...
Tesla's Board Moves to Oversee Musk's Efforts to Take Company Privat

"Funding Secured," Mr. Musk? Or Is It More Like "Funding Securable"? - Motley Fool (Google Business News)
Rapper claims Musk scrambling to secure Tesla funding (Yahoo Business)

Google Business NewsAug 14, 2018
Elon Musk Tweets Another Surprise, Saying Goldman and Silver Lake Are Tesla Advisers - Wall Street Journal

Wall Street Journal

Elon Musk again caught the financial world by surprise with an announcement on Twitter about his desire to take Tesla Inc. TSLA -2.46% private, this time revealing a list of advisers before arrangements with all of them were completed. The electric

Google Business NewsAug 14, 2018
Tesla's Board Moves to Oversee Musk's Efforts to Take Company Private - New York Times

New York Times

Tesla announced Tuesday that its board had created a special committee to review a potential proposal by Elon Musk, the company's chief executive, to take the company private. The board, caught by surprise last week after Mr. Musk posted a cryptic
Tesla's board has formed a special committee to consider going private

Reuters Company NewsAug 14, 2018
CORRECTED-UPDATE 2-Tesla forms three-member panel to decide on any Musk deal
Tesla Inc's board named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company's chief executive.

The Motley FoolAug 14, 2018
Just Not Seeing the Humor in Elon Musk's Market-Moving Tesla Buyout Tweet
Should a CEO really be allowed to unveil ideas like that on social media?

Yahoo BusinessAug 14, 2018
Elon Musk says he's hired Goldman Sachs to help take Tesla private — even though the bank's analyst is one of the most bearish on Wall Street (TSLA)
Goldman Sachs' analyst is one of the most bearish Tesla analysts on Wall Street, with a "sell" rating and $210 price target — 40% below where shares are trading. Elon Musk hasn't been one to hide his disdain for Tesla skeptics on Wall Street.

Elon Musk's Effort to Take Tesla Private to Get Board Oversight (NYTimes Business)
Musk's plan to take Tesla private may be hurt by a bill just signed by Trump (Yahoo Business)
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