Tesla shares were halted at $367 a share shortly after 2 p.m. Tuesday after CEO Elon Musk sent a string of tweets saying he is considering taking the company private.
Shares jumped as much as 8% midday Tuesday after Chief Executive Elon Musk tweeted that he was “considering” taking the Silicon Valley car maker private at $420 a share.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk, the 2nd (@elonmusk) August 7, 2018
The tweet recently has more than 14,000 likes and more than 3,000 retweets.
420
— Elon Musk (@elonmusk) August 7, 2018
Musk also tweeted he’d hope “all” investors would remain with Tesla even if it went private.
