edt2: SEC files lawsuit against Musk edt Staying Public: Elon Musk is buying out Tesla shares to make it a private company. $71 billion total offered, vote needed

[Hailey]

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

I don’t have a controlling vote now & wouldn’t expect any shareholder to have one if we go private. I won’t be selling in either scenario.

— Elon Musk (@elonmusk) August 7, 2018

My hope is *all* current investors remain with Tesla even if we’re private. Would create special purpose fund enabling anyone to stay with Tesla. Already do this with Fidelity’s SpaceX investment.

— Elon Musk (@elonmusk) August 7, 2018

No change

— Elon Musk (@elonmusk) August 7, 2018

NASDAQ has halted Tesla trading.

edt: https://www.tesla.com/blog/taking-tesla-private

https://www.foxbusiness.com/business-leaders/sec-files-lawsuit-against-tesla-chief-elon-musk

[Mmm_fish_tacos]

Over a tweet? They still need to take a vote. Why would they hault?

[Hailey]

Over a tweet? They still need to take a vote. Why would they hault?

Tesla.com posted it after the tweet.

Lots of details in it.

Vote would probably pass since it gives everyone the option of staying.

[darkknightkryta]

Good.  The shareholder model is a cancer to the world.

[the-pi-guy]

Larry Page says he wants his fortune to go to Elon Musk. Alphabet is the next best thing. - Vox

[Hailey]

Larry Page says he wants his fortune to go to Elon Musk. Alphabet is the next best thing. - Vox

Yeah lots of speculation that Google or google related people are financing this. Could also be a foreign country or some of Musk's other billionaire friends.

[Hailey]

Update on Taking Tesla Private | Tesla

[Hailey]

Staying Public | Tesla

[darkknightkryta]

I saw today.

[Hailey]

Tesla chief Elon Musk sued for allegedly misleading investors | Fox Business