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You can find the current article at its original source at https://www.theguardian.com/technology/2018/aug/07/elon-musk-tesla-inc-private
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| Tesla Inc: Elon Musk says he's considering taking car-maker private | Tesla Inc: Elon Musk says he's considering taking car-maker private |
| (35 minutes later) | |
| Elon Musk is considering taking Tesla Inc private, the chief executive officer of the electric car-maker tweeted on Tuesday. | Elon Musk is considering taking Tesla Inc private, the chief executive officer of the electric car-maker tweeted on Tuesday. |
| “Am considering taking Tesla private at $420. Funding secured,” Musk said. | “Am considering taking Tesla private at $420. Funding secured,” Musk said. |
| Am considering taking Tesla private at $420. Funding secured. | Am considering taking Tesla private at $420. Funding secured. |
| It was not clear if Musk was serious, as he has a history of erratic tweets, and the company did not immediately respond to a request for a comment. | |
| Tesla’s shares were up 6.5% at $363.46. The company had a market value of $58bn as of Monday’s close. Musk owns nearly 20% of the company. | Tesla’s shares were up 6.5% at $363.46. The company had a market value of $58bn as of Monday’s close. Musk owns nearly 20% of the company. |
| A deal at $420 per share represents a 22.8% premium to Tesla’s closing price on Monday, valuing the company at about $72bn. | A deal at $420 per share represents a 22.8% premium to Tesla’s closing price on Monday, valuing the company at about $72bn. |
| Separately, the Financial Times reported on Tuesday that Saudi Arabia’s sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built an undisclosed stake of 3-5% in Tesla. | Separately, the Financial Times reported on Tuesday that Saudi Arabia’s sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built an undisclosed stake of 3-5% in Tesla. |
| More details soon… | More details soon… |
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