The U.S. Securities and Exchange Commission has asked Elon Musk to produce proof that he’s secured funding, as he promised on Twitter, for his plan to take Tesla private, the Wall Street Journal reports, citing unnamed sources.
Analysts estimate Tesla would need to raise $70 billion to $80 billion to take the Palo Alto-based carmaker private, in what would be the largest corporate buyout in U.S. history.
Typically, companies announcing a large and complicated deal spend weeks quietly crafting…
