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Elon Musk’s Relationship With Goldman Sachs Goes Back Years

  • Goldman Sachs worked on Tesla’s IPO, several debt offerings
  • Bernstein sees less than 50 percent chance of successful deal
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Elon Musk's Long History With Goldman Sachs
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Goldman Sachs Group Inc. made millions of dollars helping Elon Musk bring Tesla Inc. to the public market. Now, it could stand to make even more advising the electric-car maker’s CEO on how to reverse that decision.

When Musk tweeted late Monday he was “excited to work with” advisers on his plan to take Tesla private, one of the first names he mentioned was Goldman Sachs. The relationship between the billionaire and the bank goes back to at least 2010, when Goldman Sachs led Tesla’s initial public offering. It’s also given Musk hundreds of millions of dollars in personal loans.