It's not uncommon for trading in a stock to be halted in the wake of unexpected or unsettling news.
However, he concedes Musk has good reason to take Tesla off the public markets, and he's established precedent through SpaceX and The Boring Company.
He added that he hoped all shareholders would remain and that all Tesla employees would "remain shareholders of the company".
Musk said in subsequent tweets that he would remain chief executive under a go-private transaction and that any deal would benefit shareholders.
Sarri tells Real Madrid: Courtois and Hazard aren't for sale
With the transfer window set to close very soon, The Midlands-based club will be hoping that they can keep hold of England worldwide and their number 1 goalkeeper, Jack Butland.
Musk's Hubris May Take Tesla Stock Private?The numbers from the report indicate that the PIF, which has more than $250 B in assets, has a stake of between $1.7 B and $2.9 B at Tesla's current share price.
Mr Musk also previously used his Twitter account to joke that Tesla was going bankrupt in an April Fool's Day tweet and his stability was called into question last month after he called a British diver who helped rescue children from a Thailand cave a paedophile.
Going private is one way to avoid the intense scrutiny of public markets.
The news caused Tesla's share price to jump by $14.
The SEC declined to comment on Tesla, but the regulator has previously declined to sanction Netflix CEO Reed Hastings in 2013 for revealing important company information on Facebook. The Financial Times reported Tuesday that Saudi Arabia's sovereign wealth fund had recently amassed a US$2-bilion stake in Tesla. At $420 a share, Tesla would have a market cap of around $71 billion.
Trade tensions weigh on oil prices
China has however agreed it will not increase oil imports from Iran, in a move which would directly challenge the U.S. blockade. The controversial move was preceded by a deadly crush of Hajj pilgrims in September 2015, which killed more than 460 Iranians.
Around 1:00 pm today, Musk issued a string of tweets about abandoning the company's public listing and taking the company private at $420 United States dollars a share.
Intentions to buy out public shareholders usually need to be filed with the Securities and Exchange Commission, or SEC. "Either they can stay investors in a private Tesla or they can be bought out at $420 per share, which is a 20 percent premium over the stock price following our Q2 earnings call".
He stunned investors on Tuesday with a tweet saying he had already lined up the funding, and he told employees that it would relieve the electric auto company of the "enormous pressure" of Wall Street's expectations.
Tesla CEO Elon Musk shocked investors when he tweeted to his 22.3 million followers on Tuesday suggesting the electric auto maker could go private at $420 per share, while noting, "funding secured". And if the information in the tweet isn't true, Musk could be looking at some stock price manipulation allegations.
The plan would need shareholder approval, but Musk's tweet sent Tesla stock spiking by nearly 9%.
Tiger Woods and Phil Mickelson agree $10 million showdown
Asked about the November match after his round Thursday, Woods said: "I have nothing further to add to it". Any one-on-one match that takes place between the two would not happen before that, ESPN reported .
The mysterious tweet sent out this morning read: "Am considering taking Tesla private at $420". He also said the quarterly financial requirements of being a public company "puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term".
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