Tesla is giving traders whiplash.
CEO Elon Musk shocked Wall Avenue final week when he introduced on Twitter that he was contemplating taking the corporate non-public. He mentioned he had “funding secured” for a deal, however did not say the place the cash would come from.
On Monday, he mentioned the financing referred to talks he has had with Saudi Arabia’s sovereign wealth fund. Then on Tuesday, the Tesla board mentioned it wasn’t clear but that going non-public made sense.
So, do you have to purchase, promote or quick Tesla?
Matt McCall, founder and president of Penn Monetary Group, an funding supervisor, will be part of CNN’s Alison Kosik to speak about it Wednesday on “Markets Now.”
Kosik will even focus on the unfolding disaster in Turkey with McCall and different friends. And CNNMoney’s Paul R. La Monica will focus on the week’s retail earnings stories.
CNNMoney’s “Markets Now” streams stay from the New York Inventory Trade each Wednesday at 12:45 p.m. ET. Hosted by CNNMoney editor-at-large Richard Quest and others, the 15-minute program options incisive commentary from specialists.
You’ll be able to watch “Markets Now” at CNNMoney.com/MarketsNow out of your desk or in your cellphone or pill. If you cannot catch the present stay, try highlights on-line and thru the Markets Now e-newsletter, delivered to your inbox each afternoon.
CNNMoney (New York) First printed August 14, 2018: three:47 PM ET