Musk says he may take Tesla private and shares roar

Elon Musk Reveals Details of Tesla V9.0 Software Including Early Access

On April Fool's Day, Mr Musk joked on Twitter about Tesla going bankrupt.

Chief Executive Elon Musk jolted financial markets on Tuesday with a surprise statement suggesting he is considering taking the electric-car maker private.

The stock had been worth about $342 a share before Musk's tweet.

In his tweet, Mr Musk said he could buy outstanding shares in the firm for $420 each, around a fifth higher than the share's current price.

On April Fool's Day, Mr Musk, who owns nearly 20% of the company, joked on Twitter about Tesla going bankrupt.

Facebook might add your banking info to Messenger
I reached out to Facebook for comment and will update this post if I hear back. Don't miss out on the latest news and information.

"Am considering taking Tesla private at $420".

Tesla's shares jumped as high as $371.15 in afternoon trading.

It was not clear if Musk was serious, as he has a history of erratic tweets, and the company did not immediately respond to request for comment.

It's unclear from where Musk has secured funding. "Would create special goal fund enabling anyone to stay with Tesla. Plus this is short squeeze rocket fuel after a nice quarter", said analyst Chaim Siegel from Elazar Advisors.

Short interest in Tesla on Monday stood at almost US$12 billion, equivalent to 28 per cent of its float, according to S3 Partners, a financial analytics firm.

Related News:



Most liked

SpaceX Falcon 9 Rocket Launch From Cape Canaveral Air Force Station
Launch commentator Lauren Lyons said the booster would be prepared for its third launch later this year. A view of Falcon 9 B1046.2's first stage engine plume expanding as the rocket reaches thinner air.

Melania Trump praises LeBron James after her husband insults him
Trump has been promoting her Be Best campaign and talking to children about the "importance of responsible online behavior". Michael Jordan is speaking out in support of LeBron James after President Donald Trump insulted his intelligence .

West Hollywood council wants Donald Trump's star removed from Walk of Fame
Meanwhile, the West Hollywood City Council is due to vote on whether to move towards permanently removing Mr Trump's star. The star recognised Trump for his work on the TV reality show 'The Apprentice .' It has been repaired.

Baby boy dies after being found in river near Brooklyn Bridge
Sunday. "I spotted the baby. his little head was under the water. his little legs were over", Diana told CBS New York. The baby was later taken to a nearby hospital and pronounced dead, police said.

Inter Milan strike personal terms with Real Madrid midfielder Modric
The midfielder has been linked with clubs such as Inter Milan and Manchester United in this window. Modric joined Real Madrid in the year 2012.

President Urged to Stop Tweeting on Trump Tower Meeting Between Advisers, Russians
US President Donald Trump admitted his son, Donald Jr (seen here), met with a Russian lawyer in Trump Tower in 2016. And Trump in his tweet Sunday repeated his assertion that he had no advance knowledge of the Trump Tower meeting.

Ohio State fans rally for Urban Meyer as job decision ticks down
The investigation itself is being led by former Chair of the U.S. He also admitted lying to reporters about his knowledge of it. Securities and Exchange Commission Mary Jo White .

MoviePass Makes a Major Change to Subscription Plan
The stock rose 3 cents to 10 cents per share in early trading Monday, soaring over 45 percent on the new plan news. MoviePass's CEO, Mitch Lowe, told the Journal that this new three-movie policy will help the service's burn rate.

Trump admits getting dirt on Clinton was focus of meeting with Russians
This was a meeting to get information on an opponent, totally legal and done all the time in politics - and it went nowhere . But here's the thing: This is a tweet about how the Trump Tower meeting was totally fine - nothing illegal to see here.

9-Year-Old North Carolina Boy’s Lemonade Stand Robbed at Gunpoint
John's Forest development off Weddington Road, and a teenager approached the boy around 3 p.m., the sheriff's office said. Officials believe the suspect, described as a black male in his teens, made his getaway on a bicycle after the robbery.

Paul Manafort's Longtime Partner Rick Gates Testifies In Federal Court
Gates is also admitting to carrying out a vast scheme to hide millions of dollars in foreign bank accounts on Manafort's behalf. One accounting trick saved Manafort $500,000 in taxes, she said. "Were you involved in any criminal activity with Mr.

Once Upon a Time in Hollywood first look: Margot Robbie's Sharon Tate
Robbie's expression nails the Sharon Tate look as she leans against a yellow stage door. However, Sharon Tate was famously one of the victims of the murders.

Leonardo Bonucci rejoins Juventus and Gonzalo Higuain joins AC Milan
Instead, Higuain left Juventus and joined Milan on an initial one-year loan deal worth £16million. It will be a great opportunity for me to play beside him.

Fortnite ATK and Shopping Cart Temporarily Disabled by Epic Games
If you log into the game and then head to the "Challenges" tab at the top of the screen, you'll see an hourly countdown appear. Even though this sounds hard you won't have a ton of trouble if you play in duos, squads, or any of the limited time modes.

People Shot, 6 Fatally in Chicago Over Weekend
As of 3:15 p.m., at least two other people had been killed and 25 more had been left wounded in Sunday shootings. The violence peaked early Sunday, including one shooting on the city's South Side that injured eight people.