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The Red Tea Detox

The US Securities and Trade Fee is suing Tesla founder and CEO Elon Musk.

The go well with accuses Musk of false or deceptive statements about taking Tesla non-public at $420 per share. As a part of the submitting, the SEC reveals what Musk says his reasoning was for the precise value level.

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The submitting says that Musk claims he calculated the $420 value level based mostly on a 20% premium on the day’s closing share value, which resulted in a value of $419.

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“Musk acknowledged that he…

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