Elon Musk says he's considering taking Tesla private

The company did not immediately respond to request for comment.

Mr. Musk's account tweeted: "Am considering taking Tesla private at $420". The company is now valued at just over $60 billion, with Musk holding an nearly 20 percent stake in the company.

Tesla's shares jumped to $362.74 in afternoon trading. Musk owns almost 20pc of the company.

He implied the funding values the company at $420 a share.

Bachelorette Becca Kufrin picks her man and Bachelor Nation does not approve
Becca gives the Final Rose to the man she gave the First Impression Rose to - just like JoJo, Kaitlyn and Rachel before her. She says she's confident that they're going to have a good life together, and fans certainly are rooting for their success.

Separately, the Financial Times reported on Tuesday that Saudi Arabia's sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built an undisclosed stake of 3-5% in Tesla.

"I believe Tesla considers Tweets as public disclosure". I think he's serious. "Funding secured", Musk tweeted shortly before 1 p.m. on Tuesday. According to the Times, the Saudis recently approached Musk and offered to buy even more Tesla shares, an offer that Musk refused.

Tesla spokespeople have not yet confirmed the proposal to any media outlets.

"Details, structure, participants and how the valuation has been determined remain to be seen".

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