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Elon Musk Says Taking Tesla Private Is 'best Path Forward', Shares Up 11% | Business Standard News

by business-standard.com posted 4months ago 35 views
Musk has been under intense pressure this year to turn his money-losing, debt-laden company into a profitable higher-volume manufacturer. : 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. At $420 per share, a deal would be worth $72 billion overall.

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