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Well, here's the tweet...

There was nearly a 3 hour delay, in which Tesla shares were halted, before the company put out a statement. Here's what we said over that time period...

And then Tesla released its statement (an email from Musk to Tesla employees):

"Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward."

And here's our response to Musk's verbally approved funding...

Speculation about what happens next for Tesla ran rampant as the Financial Times broke a story about Saudi Arabia’s Public Investment Fund building "a stake of 3-5 per cent this year, putting it among Tesla’s largest investors. At Tesla’s current share price, the Saudi position is worth $1.7bn-$2.9bn." This makes the PIF one of Tesla’s eight biggest shareholders.

By the way, here's Hedgeye Industrials analyst Jay Van Sciver's #timestamp on adding Tesla as a Best Ideas short...

Is Tesla Going Private? Our Response to Tesla CEO Elon Musk - tesla2

Is Tesla Going Private? Our Response to Tesla CEO Elon Musk - market brief