SINGAPORE (Sept 3): For nearly three weeks in August, the drama of electric car and energy storage firm -Tesla going private had dominated the business headlines. Did maverick CEO Elon Musk really have the “funding secured” as he claimed in his tweet? Or was it just a tactic to throw Tesla short sellers off balance? On Aug 24, Musk made another sharp U-turn, declaring he had decided to keep Tesla as a publicly listed firm because that was what most shareholders wanted. On Aug 27, -Toyota Motor announced it would take a US$500 million ($682.8 million) stake in ride-hailing giant Uber. The Japanese auto colossus, which has lagged behind other companies in electric, autonomous and connected cars, already has a US$1 billion stake in Southeast Asian ride-hailing firm Grab.

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