Musk Says He May Take Tesla Private and Shares Roar

Associated Press |

Image via Nvidia Corp/Flickr CC

NEW YORK (AP) — Tesla  (TSLA) CEO Elon Musk says he is considering taking the electric car maker private.

Tesla's stock spiked Tuesday after Musk made the abrupt announcement in a terse tweet. He said is considering taking the company private at $420 a share and already has secured funding.

Tesla shares are up more than 5 percent at $360.64.

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Companies

Symbol Name Price Change % Volume
TSLA Tesla Motors Inc. 366.60 -0.16 -0.04 5,027,048 Trade

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