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.

Remove Donald Trump’s Walk of Fame star: West Hollywood City council votes
Last month, 24-year-old Austin Mikel Clay destroyed Trump's star with a pickax and later turned himself into police. "Allowing Mr. The star recognized Trump for his work on the TV reality show 'The Apprentice .' It has been repaired.

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".

Related News:



Most liked

India vs England: Ollie Pope ready to emulate fellow youngster Sam Curran
Tendulkar, who made his debut against Pakistan as a 16-year-old in 1989 remembered his time as a rookie worldwide . I clicked on them out of curiosity and I took them in", he said. "You can't just premeditate with him", he said.

Arsenal Supporters' Trust brands Kroenke takeover 'a awful day'
A declaration from Kroenke states: "We at KSE are moving forward with this offer leading to 100 per cent ownership of the club". Denver Nuggets basketball team, the Los Angeles Rams American Football team and the Colorado Rapids of Major League Soccer.

Just how hot are the Red Sox?
It was just the seventh time they have been swept by the Red Sox in a series of four or more games in the last 100 seasons. Boston shortstop Bogaerts booted a potential double-play grounder by Aaron Hicks with the bases loaded.

Demi Lovato Released From Hospital After Reported Overdose
The love you have all shown will never be forgotten and I look forward to the day where I can say I came out on the other side. Lovato had been hospitalized for two weeks, surrounded by her loved ones, including ex-boyfriend Wilmer Valderrama.

Longtime Manafort deputy Rick Gates admits embezzlement
Manafort's direction", and that Manafort "directed" him to categorize some income as loans in order to reduce his taxable income. They also failed to register Manafort as a foreign agent, Gates said. "Certainly the president has made clear he believes Mr.

Pentagon restricts use of fitness trackers, other devices
The Strava controversy served as a wakeup call for senior Pentagon officials, at least one of whom admitted to wearing a location-tracking Fitbit all the time.

Germany jails couple for pimping young son online
The couple has also been ordered to pay a total €42,500 (£38,000) in compensation to the boy and another victim, a young girl. The boy is now living with foster parents and is doing well "under the circumstances", his lawyer said Tuesday.

Johnny Depp’s troubles continue, new film City of Lies’ release cancelled
Johnny Depp's City of Lies crime-thriller movie, directed by Brad Furman , has been pulled off its September 7 release date. At this point, no plans for a new release date have been announced.

Fognini Shocks Delpo In Los Cabos
In their third meeting, in the qualifying for the Italian Open in 2007, Fognini won by virtue of a del Potro retirement. Cameron Norrie's great run in Los Cabos came to an end as he lost in the semi-final to the No.2 seed Fabio Fognini .

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.

Kroenke makes offer to buy Gunners
Usmanov made a £1 billion ($1.3 billion) bid to buy the American businessman's stake in the club in May 2017, an offer that was rejected.

SpaceX launches Indonesian comsat with 'used' booster
An artist's impression of the Merah Putih communications satellite in orbit with its solar arrays and antennas deployed. SpaceX had used Falcon 9 in May to send up a large communications satellite for Bangladesh from Florida.

Barcelona rope in midfielder Arturo Vidal
The versatile right flank player will be moving back to the south of Spain for an initial fee of €8.5million, potentially rising to €10.5m.

Scientists discover "rogue planet" outside solar system
The planet is only around 20 light years from Earth, but it's not really doing much besides relaxing in the vastness of space. The temperature on that planet is about 825 degrees Celsius, which makes it a lot cooler than out Sun.

Apple removes Alex Jones and Infowars podcasts from iTunes
Apple removed five of the six Infowars programs from its listings, including "The Alex Jones Show" and " War Room ". On Monday, Mark Zuckerberg's tech titan upped the ante and removed the episodes permanently.