It is now abundantly clear that Elon Musk does not have 'funding secured'

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• In a blog post, Elon Musk attempted to explain why he said he had "funding secured" for a deal to take Tesla private last week.
• His explanation doesn't hold water for anyone who understands finance, sovereign wealth funds, or the passage of time.

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Elon Musk has written a blog post explaining why he said he might take Tesla private at $420 a share on Twitter. "Funding secured," he declared in the tweet.

But after reading Musk's new post, the only conclusion to be drawn is that funding was, in fact, not secured.See the rest of the story at Business Insider

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