Yep, Elon Musk is serious about taking Tesla private for $420 a share

Tesla going private

Earlier today, Elon Musk caused a stock market freakout (and a suspension on trading Tesla's stock) when he tweeted that he's considering a plan to take Tesla private for $420 a share. The market sat ina vacuum of information following the tweets, but a few hours later, an email posted to Tesla's website shows that Musk is deadly serious.

Tesla posted an email that Musk sent to employees earlier today, outlining his proposal and explaining how the company's structure would work. Notably absent is any details about where the funding would come from to take the company private:

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Yep, Elon Musk is serious about taking Tesla private for $420 a share originally appeared on BGR.com on Tue, 7 Aug 2018 at 15:49:25 EDT. Please see our terms for use of feeds.

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