IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private (TSLA)
Kiichiro Sato/AP
- Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday.
- It's still unclear if there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm.
- Follow Tesla's stock price in real-time here.
Two days after Elon Musk said he was "excited to work with Silver Lake and Goldman Sachs as financial advisors" in his bid to take Tesla private, at least half of the tweet has been confirmed.
In a note to clients Wednesday, Goldman Sachs said it was suspending research coverage of Tesla because it is "acting as a financial advisor in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for the stock."See the rest of the story at Business Insider
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