“Am considering taking Tesla private at $420. Funding secured.” – Musk
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
Elon Musk has often complained about Tesla being a public company, which brings too much focus on quarterly results over long-term goals, according to the CEO.
Now he says that he is considering taking the automaker private at a value of over $70 billion and he already has the money secured.
Musk took Tesla private back in 2010, but he maintained his other company, SpaceX, private, which offered him a great comparison point.
This story id developing
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