Aug 14, 2018

Elon Musk again tweeted misinformation

Illustration: Sarah Grillo/Axios

For the second time in a week, Elon Musk appears to have tweeted factually incorrect information about his efforts to take Tesla Motors private:

The bottom line: Neither Silver Lake nor Goldman Sachs have signed financial advisory agreements with Musk, or at least hadn't at the time of his tweet.

  • Silver Lake: Sources tell Axios that the tech-focused private equity is not working with Musk as a "financial advisor," as regulators and lawyers would generally consider that to be the same thing as a broker-dealer. Instead, Silver Lake is providing some unpaid and informal consulting services to Musk, as it kicks the tires to see if it might have interest in participating as an investor.
  • Goldman: Bloomberg and the WSJ both report that conversations between the two sides are ongoing, but not finalized.

Federal securities regulators continue to investigate Musk's tweet from last Wednesday about having "funding secured" for the buyout, which he subsequently admitted was actually just an expression of interest from a Saudi sovereign wealth fund.

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Concern over coronavirus spread: Italy, South Korea and Iran report more cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The number of novel coronavirus cases in South Korea, Italy and Iran jumped on Sunday as infections in mainland China continued to grow, the latest figures show.

The big picture: As South Korea and Italy stepped up emergency measures amid rising case numbers, World Health Organization officials expressed concern about infections with no clear link to China. COVID-19 has killed at least 2,619 people and infected almost 80,000 others, with all but 27 deaths occurring in mainland China.

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Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Go deeperArrowUpdated 2 hours ago - Politics & Policy

Joe Biden places second in Nevada caucuses, ahead of Pete Buttigieg

Democratic presidential candidate and former Vice President Joe Biden a Nevada Caucus watch party in Las Vegas on Saturday. Photo: Ronda Churchill/AFP via Getty Images

Former Vice President Joe Biden secured second place in the Nevada Democratic caucuses with former Southbend Mayor Pete Buttigieg third, according to NBC News projections Sunday.

Why it matters: It's a boost for Biden, who's widely tipped to be endorsed by House Majority Whip Jim Clyburn (D-S.C.) on Wednesday, ahead of this week's South Carolina primary.

Go deeperArrowUpdated 2 hours ago - Politics & Policy