Elon Musk Tweets Plans to Take Tesla Private

The Tesla CEO's unusual announcement about his desire to take the company private may be a direct dig at short-sellers, according to Morningstar analysts

Glenn Freeman 8 August, 2018 | 7:07AM

Elon Musk Tesla CEO threatens to take electric car company off the stock market

Tesla CEO Elon Musk has tweeted plans to take the electric car company off the stock market. Morningstar equity analysts say the unusual announcement may be a direct dig at short-sellers, who have caused the stock to be volatile in the past.

In a tweet posted yesterday Musk said: "Am considering taking Tesla private at $420. Funding Secured".

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Tesla Inc480.01 USD5.62

About Author

Glenn Freeman  is Senior Editor for Morningstar Australia

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