Tesla CEO Elon Musk’s Plan To Take Tesla Private
Shortly after an article by the Financial Times confirmed that the Saudi Arabia’s Public Investment Fund had amassed a $2 billion stake in Tesla, Tesla CEO Elon Musk announced that he was considering taking the company private with a share buyback at a $420 price point. His initial tweet was confirmed within a few hours with a new blog post on Tesla’s website, where the company shared an internal email from CEO Elon Musk to all Tesla employees sharing his logic for the move.