Elon musk has a plan to quiet Tesla critics for good
When you think of companies going private, your first thought is not tech firms with no earnings and a USD 65 billion valuation. But from now on it will be after Elon Musk’s Tuesday afternoon bombshells.
BY BLOOMBERG NEWS, Lu Wang and Elena Popina
Tesla Inc.’s founder took annoyance with short sellers and his campaign against myopic thinking to new heights, tweeting that he has financing to take the electric-car maker private for USD 420 a share. The ensuing rally burned bears to the tune of USD 800 million.
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