Musk says he may take Tesla private and shares roar
Published 08-07-2018
NEW YORK (AP) - Tesla CEO Elon Musk says he is considering taking the electric car maker private.
Tesla's stock spiked Tuesday after Musk made the abrupt announcement in a terse tweet. He said is considering taking the company private at $420 a share and already has secured funding.
Tesla shares are up more than 5 percent at $360.64.
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