It is now abundantly clear that Elon Musk does not have 'funding secured'

In a blog post, Elon Musk attempted to explain why he said last week that he had "funding secured" for a deal to take Tesla private.
His explanation doesn't hold water for anyone who understands finance, sovereign wealth funds, or the passage of time. 
Elon Musk has written a blog post explaining why he said last week on Twitter that he might take Tesla private at $420 a share. "Funding secured," he declared in the tweet.
But after reading Musk's new post, the only conclusion to be drawn is