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Tesla CEO Elon Musk told the electric car company that he plans to buy $ 20 million worth of common stock at the next open trading window, according to a document related to the regulation. Chief Executive Officer with the Securities and Exchange Commission.
@elonmusk: plans to take Tesla privately at $ 420. Financing obtained.
In the aftermath of the storm, Musk said his talks with the Saudi sovereign wealth fund allowed him to count on financing at the proposed price of $ 420 per share. The SEC sued Musk on September 27 for securities fraud.
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