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Sounds like it. There seems to be two paths due to the due diligence not being done by Musk.

1. Accept the 1bn backout and accept that Musk will look like a fool.

2. Sell enough Tesla stock to finance the deal, while risking a total meltdown of the Tesla stock price.

The lawyers are most likely trying to devise a third option, but it's very hard to see how that can play out.



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