Tesla shares fall as investors await Musk's funding plan

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Tesla shares (TSLA.O) down 2.7 percent in late morning trade as investors jittery about CEO Elon Musk’s plan to take co private for $420/shr, valuing co at more than $70 billion ** Stock down for second day after reports U.S. regulators examining Musk’s tweets and SoftBank not interested in a deal, saying it was “over valued”. ** TSLA has given back over half of Tuesday’s 13.3 percent gain. ** Analysts skeptical of Musk’s ability to fund buyout; No details yet on funding. ** Co has $10.9 billion in debt; bonds rated junk by credit ratings agencies.

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