Elon Musk said on Twitter today that he is “considering” taking Tesla private “at $420,” and that he had secured the funding to do so.
The tweet seems to imply that Musk would make an offer to buy out Tesla stock at $420 per share. Tesla shares opened just below $344 today but have spiked as high as $371 after a report about Saudi Arabia taking a stake in the company worth $2 billion or more.
It’s often difficult to tell when Musk is serious and when he is joking, especially on Twitter. The Boring Company’s existence was announced there, when Musk tweeted, “Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging…” He then named the company and said, “I am actually going to do this.” The Boring Company...
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