Elon Musk is considering taking Tesla private in what would be one of the largest such deals in history, as he deemed it the "best path forward" for the company.
According to the BBC, Musk said delisting from the stock exchange would enable Tesla to take longer-term decisions and not be pressured into keeping investors happy. In what is seen as an unusual move, he said shareholders would be offered $420 a share. Shares ended Tuesday 11% higher at $380 following the announcement on Twitter. Musk said: "Am considering taking Tesla private at $420. Funding secured. "Basically, I am trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible." However, he added no "fi...
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