The stock fell by as much as 6.7 per cent to a three-month low of $285 in morning trading in NY, some way off the $420-a-share take-private offer for which Mr Musk, the company's co-founder and chief executive, claimed to have secured funding this month. The previous forecast was based on the belief that Musk had secured funding to take Tesla private.
The stock has trended downward after Musk's August 7 tweet suggesting he would push to take Tesla private.
Afghan forces free most hostages taken in new Taliban attack
The battle for Ghazni killed at least 100 members of the Afghan security forces and 35 civilians, according to Afghan officials. The government previously announced a ceasefire with the Taliban during the Eid al-Fitr holiday in June this year.
The YouTube interview came a day after Musk spoke to NYT about "excruciating" times at Tesla, noting that he "nearly missed his brother's wedding this summer and spent his birthday holed up in Tesla's offices as the company raced to meet elusive production targets on a crucial new model". Jia took over as CEO of Faraday late previous year.
Shares in electric carmaker Tesla continued falling on Monday.
The face of White addiction: Elon Musk just cost Tesla $4.6B
Musk's revealing interview, and the subsequent reports about Tesla , gave the internet a lot of material for jokes and reactions. On Tuesday, Tesla said its board of directors had formed a special committee to consider any forthcoming go-private proposals.
Still, the Tesla CEO tweeted that Ford and Tesla are the only two American auto companies to have avoided bankruptcy, and dismissed the idea that he was able to cut his workload. Sovereign wealth funds often have more patience than public markets and could wait for the technology to be ready for the market, he said. Last week, the Securities and Exchange Commission sent the company a subpoena regarding the statement.
While shedding some light on the events behind the announcement, the weeklong controversy did not help Tesla's overall financial outlook even before Friday's stock drop; the automaker has experienced its most tumultuous 12-month period to date following issues with production of the Model 3. Since then? Silence. There had been talk back in 2016 of a factory in Arizona and of a new headquarters facility in Silicon Valley last fall, but while Tesla has been going through production hell, Lucid seems to have been in suspended animation mode. Reuters claims Lucid expects to begin production before the end of this year, but if anyone has photos of an actual Lucid factory anywhere in the United States, could you please send them along? Lucid's website is taking refundable $2 500 deposits for the vehicles it plans to eventually sell.
Trump nixes $92M parade, says 2019 costs will be ‘WAY DOWN’
Instead, he is blaming the government of the District of Columbia, which is conveniently civilian and heavily African-American. Earlier this year, the White House budget chief said the parade would cost USA taxpayers between $10 million and $30 million.