Insta
Elon Musk Tweets Out That He Plans To Take Tesla Private For $420 A Share, A Proposal That Tesla’s Board Has Considered Earlier
Elon Musk launching a Beta version of Tesla’s V7.0 for the Model S in China in 2015 (VCG/VCG via Getty Images)
Musk’s tweets sent people into a tizzy for should such a buyout take place it would be the largest of its kind, taking Tesla’s value at approximately $70 billion. The Wall Street Journal reports that a Suadi Arabia-based investment firm had acquired a 5 per cent stake in the California-based EV manufacturer.
However, this isn’t the first time that Tesla has considered going private.
Several board members have said that he had initiated discussions on the matter over the last few days. A statement on the matter was released, signed by seven of the company’s nine independent board members.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
