Buying out shareholders at the price Musk quoted - nearly 25% above where the stock was trading at the time of his initial tweet - would make the deal worth $82 billion.
Tesla and its billionaire chief Elon Musk were hit by two new lawsuits yesterday, over claims that Musk's surprise proposal to take the company private was scheme created to target short-sellers of Tesla stock.
But none of the six major U.S. banks has offered to lend the necessary amount to Musk, and they learned about the plans on Twitter with the rest of the public, several banking sources told AFP.
Tesla did not respond to a request for comment on the proposed class-action complaint filed in the federal court in San Francisco.
Dusaniwsky said that, as of Thursday morning, Tesla remained the single most heavily shorted US equity with roughly $12.36 billion in total short interest. However, a new report claims that Musk is still working to bring in sufficient financial support for this transaction which is expected to cost at least $50 billion.
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Tesla and the Securities and Exchange Commision declined comment on Thursday.
As a result, Tesla shares jumped 11 percent, causing so-called short-sellers who have been betting on the stock crashing for years to lose millions.
Tesla shares were down -0.9 percent at $355.78, on Friday morning.
Musk, who envisions sending tourists to the Moon and slashing travel times between major cities with advanced trains, is respected in Silicon Valley, where he could tap venture capital.
Mr Isaacs said he had bought 3,000 Tesla shares on 8 August to cover his short position.
Elon and Tesla could end up in some serious trouble if the buyout financing wasn't actually secure. The stock is up 13.3 percent in 2018, and Dusaniwsky said short sellers are down $2.21 billion on the year.
Apparently, Musk had previous discussions with Softbank and the Saudi sovereign fund about taking Tesla private.