Top Business Trends||Latest Business News Headline Today

Musk tweet says he may take Tesla private at ‘420’

Musk tweet says he may take Tesla private at ‘420’

Shares of Tesla spiked briefly on Tuesday afternoon after CEO Elon Musk suggested he was considering taking the company private.
“Am considering taking Tesla private at $420. Funding secured,” the eccentric CEO tweeted, sending shares up $16 in five minutes, to $371.07.
The stock has since settled down, to $361.
The electric-car maker was already up 5 percent Tuesday following a report of a Saudi fund taking a $2 billion stake in the company.
Tesla did not immediately respond to a request for comment about whether the tweet was real — or if the CEO’ s account was hacked.
“420” is a slang term for marijuana — and Musk has in the recent past has tweeted prank-ish comments.

Related posts

Facebook: ‘We don’t catch every fake account’

VA

Economic Offences Wing arrests Bank of Maharashtra chief, 5 others for bad loans

VA

Volkswagen Shake-Up Fails to Ease Investor Skepticism

VA

Leave a Comment