
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s move to shore up $7.1 billion in new financing from 19 investors including Oracle Corp (NYSE:ORCL) founder Larry Ellison to finance his $44 billion take-private deal is a "smart and strategic move" by the world’s richest man, according to Wedbush Securities.
The Tesla Analyst: Wedbush analyst Daniel Ives has maintained an "outperform" rating and a $1,400 price target on the Elon Musk-led company’s shares.