Tesla mystery

(Bloomberg) The biggest question on Wall Street enters a third day without an answer: Where’s the “funding secured” that Tesla Inc.’s Elon Musk tweeted about when he said he was thinking of taking the company private? Bloomberg reported that Musk had talks with SoftBank Group Corp. last year with a view to taking the electric-car maker private, but the meeting failed to progress due to disagreements over ownership. People at, or close to, 15 major financial institutions and technology firms said they weren’t aware of financing being locked-in before Musk’s tweet. Shares in the company closed down 2.4 percent at $370.34 yesterday and are slipping in pre-market trading.