Global stock markets have become so infatuated with growth stories that a fledgling company is so much more attractive than one that has been public for eight years and is saddled with huge legacy debt and the after effects of a disastrous acquisition of a company controlled by its CEO.
Following the chief executive’s bold announcement via Twitter, Tesla’s shares spiked 11 percent last week. In a blog post on Monday, Musk said that the Saudi Arabian sovereign wealth fund offered to take the all-electric automaker private during a meeting on July 31.
"With the right tactics and techniques, I was able to fight off a bigger and stronger aggressor with little force," says Yunquan.
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