Elon Musk Weighs Taking Tesla Private in a Tweet, Shares Go Soaring

By [email protected] How can Tesla and its CEO Elon Musk save the world if it has to reveal its business plans to the SEC and Wall Street analysts? Musk has a solution to that — take Tesla private.

Musk let the world know via Twitter on Tuesday that he’s looking to shift his $60 billion market cap EV pioneer from a public to private company. At market close, Tesla’s market cap stood at $63.87 billion.
The mysterious tweet sent out this morning read: “Am considering taking Tesla private at $420. Funding secured.” Tesla’s stock jumped, triggering a halt for an hour or so

Read Full Article Here

For more great articles: Greentech Media: Headlines

(Visited 9 times, 1 visits today)



© 2014 RenewaNews