Ron Baron asks to stay invested in a private Tesla

From:: Ron Baron (Baron Funds)
Date:: August 7, 2018
To:: Elon Musk
Subject:: Tesla +$11

If you decide to purchase Tesla in a "going private" transaction, I hope you will allow us to continue to be an investor in your newly formed business. I want to make sure you know that we remain optimistic about the prospects for Tesla and want to continue to invest with you. Thanks in advance for considering us as one of your partners.

About this email

Minutes after the 'funding secured' tweet, fund manager Ron Baron asks Musk to let Baron Funds remain an investor if Tesla goes private.

Notes

Trial Exhibit 1001. Baron's message is quoted beneath Musk's reply with the line 'On Aug 7, 2018, at 10:55 AM, Ron Baron <rbaron@baronfunds.com> wrote:'. The exhibit also contains internal Baron Funds emails; Baron wrote to colleagues that a take-private 'would be a terrible result for us ... unless we were included in the buying group, of course.'

Where it came from

Court record; attribution confirmed.

Tesla, board, investors & advisers. Tags: take-private, investors, ron-baron, funding-secured

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