Elon Musk Considers a Private Tesla in Tweet, Shares Jump

Elon Musk Considers a Private Tesla in Tweet, Shares Jump
Elon Musk listens at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. REUTERS/Joe Skipper/File Photo
Reuters
Updated:

Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc. private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.

“Am considering taking Tesla private at $420. Funding secured,” Musk said on Twitter https://bit.ly/2Om3gn3. At $420 per share, a deal would be worth $72 billion overall. Musk did not disclose the source of the funding.