12 votes

Why Tesla stock skyrocketed and got halted - Elon Musk is "considering" taking Tesla private in a $70 billion deal

Posted by Neverland
Tags: business, tesla, investing, stocks, trading open again, electric vehicles
https://www.fool.com/investing/2018/08/07/why-tesla-stock-skyrocketed-and-got-halted.aspx

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Title
Why Tesla Stock Skyrocketed -- and Got Halted
Authors
Evan Niu, CFA
Published
Aug 7 2018
Word count
441 words

3 comments

  2. [2]
    dubteedub
    Link
    Given their recent history of mass refunds and huge production issues, this seems like an attempt at damage control. Elon likely sees the writing on the wall and does not want the accountability...

    Given their recent history of mass refunds and huge production issues, this seems like an attempt at damage control. Elon likely sees the writing on the wall and does not want the accountability required of a publicly traded company.

    2 votes
    1. momlovesmebest
      Link Parent
      Or he doesn't like the burden of having short sellers and thinks that the company can move more quickly without having to worry about shareholders and filings.

      Or he doesn't like the burden of having short sellers and thinks that the company can move more quickly without having to worry about shareholders and filings.

      3 votes