Consumer Discretionary / Industrials

Henry Kwon

Equity Bottom-Up

<p>Tesla's shares were halted for about 1.5 hours in mid-afternoon trading on August 7, following a tweet by CEO Elon Musk that he is considering taking the company private at $420 per share and that he had secured funding:</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/060/012/original/Elon%20Musk%20Privatization%20Tweet.JPG?1533683143" class="editor-image img-responsive" data-smartkarma-image-id="60012"></figure><div class="content-caption">Source: CNBC</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/060/013/original/Tesla%20-%20share%20price%20performance%20after%20Musk%20Privatization%20tweet.JPG?1533683838" class="editor-image img-responsive" data-smartkarma-image-id="60013"></figure><div class="content-caption">Source: Wallstreet Journal</div><p>Later in the afternoon, Musk sent a letter to Tesla's employees (<a href="https://www.tesla.com/blog/taking-Tesla-private" target="_blank">https://www.tesla.com/blog/taking-Tesla-private</a>).  In part, it read:</p><div class="content-highlight">
<p><em>"First, a final decision has not yet been made, but the reason for doing this is all about creating the</em>…</p>
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Tesla's shares were halted for about 1.5 hours in mid-afternoon trading on August 7, following a tweet by CEO Elon Musk that he is considering taking the company private at $420 per share and that he had secured funding:Source: CNBCSource: Wallstreet JournalLater in the afternoon, Musk sent a letter to Tesla's employees (https://www.tesla.com/blog/taking-Tesla-private).  In part, it read:
"First, a final decision has not yet been made, but the reason for doing this is all about creating the…


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