Tesla going private?
What did Elon Musk tweet and what does it mean for investors? Here's a quick recap
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What did Elon Musk tweet and what does it mean for investors? Here's a quick recap
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
If Tesla went private, investors could keep their stakes in Tesla through a special fund, or sell their shares at $420 USD. He also said he does not currently have a controlling vote in the company and wouldn’t expect a single shareholder to have one if the company were private. Musk also said he had no intention of selling his stake, and he said he would remain on as CEO.Shareholders could either to sell at 420 or hold shares & go private
— Elon Musk (@elonmusk) August 7, 2018
I don’t have a controlling vote now & wouldn’t expect any shareholder to have one if we go private. I won’t be selling in either scenario.
— Elon Musk (@elonmusk) August 7, 2018
Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote. https://t.co/bIH4Td5fED
— Elon Musk (@elonmusk) August 7, 2018
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