Just days after hastily abandoning a short-lived exploration of taking Tesla private, Elon Musk has returned to Twitter to showcase the impulsiveness that has raised the eyebrows of investors and regulators alike lately.
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Elon Musk’s stunning tweet that he wanted to take Tesla private and had funding secured was a classic Musk moonshot – given credibility only by the sense that if anyone could possibly pull such a brazen feat, he was the guy.
Elon Musk has scrapped his plan to take Tesla private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet.
Tesla CEO Elon Musk, responding to Uber Technologies board member Arianna Huffington urging him to change the way he works, ruled out taking a different approach.
Elon Musk said no one saw or reviewed his tweet about the plan to take Tesla private before he posted it, The New York Times reported, citing an interview in which the billionaire frequently teared up.
When the call came, Robert Wickel wasted little time. The subject? Reservations for Porsche’s all-electric Taycan were coming, even though the vehicle wouldn’t enter production until next year.
Saudi Arabia’s sovereign wealth fund is in talks that could see it becoming a significant investor in Tesla as part of Elon Musk’s plan to take the electric car maker private, according to a person with direct knowledge of the fund’s plans.
Two days after Elon Musk vowed on Twitter that he had “funding secured” for a spectacular $82-billion deal to take Tesla private, he has offered no evidence to back up the statement
The wild tweet hit Wall Street at precisely 12:48pm on Tuesday – and things just keep getting wilder. Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla off the market.
Elon Musk said he’s considering taking Tesla private in a radical step that would ease pressure on the money-losing car maker.