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SoftBank to Shun Tesla Deal as It Focuses on Other Car Bets, Sources Say

  • Decision also reflects growing competition in Tesla’s market
  • Tesla’s Musk tweeted plan Tuesday, under pressure for details
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Bloomberg’s Ed Hammond explains how a deal to take Tesla private could be structured.Source: Bloomberg)

Speculation about who may or may not finance Tesla Inc. CEO Elon Musk’s audacious plan to take the carmaker private is distracting dealmakers from a normally quiet August spent in the Hamptons or Southern France.

As the intrigue enters a second week, with pressure increasing on the billionaire founder to explain how a deal would be funded, one of the world’s most active investors has already ruled itself out.