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A leveraged buyout of electric car maker Tesla could be an ominous sign of market exuberance, but investors may need more justification to run for the exits.
CEO Elon Musk’s suggestion on Tuesday that he wanted to take Tesla private at $420 (Sh42,163) a share, putting a value of $72 billion (Sh7.2 trillion) on the carmaker, had some investors wondering whether getting such a huge deal completed would signal that Wall Street has become overheated after nearly a decade of gains following the 2008 financial crisis.
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