12
votes
Why Tesla stock skyrocketed and got halted - Elon Musk is "considering" taking Tesla private in a $70 billion deal
Link information
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- Title
- Why Tesla Stock Skyrocketed -- and Got Halted
- Authors
- Evan Niu, CFA
- Published
- Aug 7 2018
- Word count
- 441 words
Newer update, including letter from Musk.
https://www.cnbc.com/2018/08/07/elon-musk-announcement-to-take-tesla-private.html
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.