Elon Musk is serious about taking Tesla private

Updated 8/7/2018, 4:12 p.m. ET with official Tesla statement.

Tesla CEO Elon Musk, in true Elon Musk fashion, took to Twitter to think out loud about his electric car business.

On the social media platform he noted the possibility of taking Tesla — a publicly traded company since 2010 — private. 

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

Upon the news, Tesla stock quickly shot up to $365, climbing toward $420 — the amount Musk noted would be the trigger price. Which could very well be a stoner joke. He seemed to find the number very amusing. Read more...

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