"Funding secured." The news sent Tesla's share price surging more than 7 per cent before trading was briefly halted.
When Elon Musk tweeted he might take Tesla private, investors who were betting on Tesla stock falling lost nearly a billion dollars Wednesday. And if the information in the tweet isn't true, Musk could be looking at some stock price manipulation allegations. The email was published on Tesla's corporate blog.
Musk's tweet came two weeks after Tesla revealed it had burned through $739.5 million in cash on its way to a record $717.5 million net loss in the second quarter, as it cranked out more electric cars. Whether he meant to do that or not, his tweet certainly had that effect: By the time trading halted, Tesla's market value had soared to $61.74 billion, a significant raise from its pre-tweet $58 billion.
After rising as much as 8.5 percent, the company's shares gave up some of their gains.
I fundamentally believe that we are at our best when everyone is focused on executing, when we can remain focused on our long-term mission, and when there are not perverse incentives for people to try to harm what we're all trying to achieve. "Given his historic frustration with short sellers, analysts and certain parts of the press, it is perhaps also not surprising that he has given consideration to taking the company private", Galliers said. That said, if they do want out, they can sell their shares at $420 per share, which is a fair bit higher than Tesla's current stock price ($382.67 at the time of writing, up from today's open price of $343.84).
Should Tesla decide to go down this route, it will need to be approved by a shareholder vote.
In the post, Musk said that he feels a forward-looking company such as Tesla is better off being private and avoiding the short-term thinking involved with public markets.
Elon is right - going private would certainly reduce distractions surrounding the company's day-to-day activities, even if some of those concerns are valid. It also closely follows an announcement that Saudi Arabia's sovereign wealth fund has taken a 3 to 5 percent stake worth $2 billion in the company. Short sellers borrow shares from other investors and then immediately sell them on the premise that they will be able to buy them back at a lower price later to replace they stock they borrowed. He added that in the future, when Tesla reached a "phase of slower, more predictable growth", the firm could go public again.
Musk, however, did not elaborate on when the Tesla mini-car will hit the roads.
I think we will have terrific crowds this summer because India have a good following and English supporters usually come as well. Kohli probably saw an opportunity there but missed one that cut in off the seam and was caught plumb in front.
A source said: " Demi has been in the hospital for over a week because she needed to be monitored by a medical professional". Although, she was suffering from fever and also there were signs of an infection. "It's her choice to go to rehab".
After feeling he should have won The Open Championship , Woods has that swagger back and the game is better for it. "I've always been a fan of this golf course, ever since I first played here in '97", Woods said.
It's the first time the fuel has been ensnared by the expanding trade war and billions of USA dollars may hang in the balance. The deficit climbed $3 billion to $46.3 billion in June from $43.2 billion in May, the Commerce Department reported Friday .
When asked in Friday's news conference ahead of the Community Shield if he thinks Willian will remain, Sarri said: "Yes, I do". It's a insane competition with a high level so I think every manager has the dream to come so he had the chance to come.
When asked who was in charge in the relationship, Manafort's longtime tax accountant Phillip Ayliff told the jury: "Oh - Mr. Manafort's attorneys have sought to blame Gates for the financial crimes, in addition to embezzling money from Manafort.
The area stretches from Japan and Indonesia on one side of the Pacific Ocean all the way across to California on the other. Indonesia's Ministry of Tourism released a statement saying no tourists had been "injured or impacted" by the quake.
The video shows a dual rear camera setup with a fingerprint scanner underneath, as suggested by earlier leaks. The company has also posted a very brief teaser ad through the Samsung Mobile News Twitter account.
The civil defence office of Durango state said the plane landed in a field near the airport for the state capital. Dozens of lightly injured passengers were seen leaving the plane, which was engulfed in gray smoke in a field.
South Sudan government and rebels sign peace deal
A similar peace deal was signed in 2015 but fell apart a year later in a deadly battle that saw Machar flee into exile. The parliament will be comprised of 550 lawmakers, including 332 from Kiir's group and 128 from Machar's faction.
The Facts of Life Star Charlotte Rae Dead at 92
It was there that Broadway producers discovered her, leading to her first Broadway musical, Three Wishes for Jamie , in 1952. Rae died at her home in Los Angeles on Sunday afternoon surrounded by her family, her manager Paul Hilepo wrote in an email.
Donald Trump admits son was getting dirt on Hillary Clinton
The lawyer told Stephanopoulos that discussions over whether the president should sit for an interview with Mueller are "ongoing". The misdirection came amid a series of searing tweets sent from Trump's New Jersey golf club. "They can also cause War!"
Global Oil Production Raises As Saudi Arabia Pumps More
US President Donald Trump's decision to pull out of an worldwide nuclear deal and reimpose sanctions on Iran has angered Tehran. Overall US crude oil inventories actually rose by 3.8-million barrels last week to 408.74-million barrels, the EIA data showed.
Hundreds evacuated in Virginia after dam overflows
Hundreds of people have been evacuated in Virginia after a National Weather Service (NWS ) warning sparked fears of a dam burst. Friday and the weather service warned residents in low-lying areas north of the dam to move to higher ground immediately.
Europe swelters in record heatwave
Sweden and Poland have warned against swimming in the Baltic Sea due to a huge bloom of toxic algae caused by hot temperatures. Portugal and Spain endured scorching sunshine on a day which seriously threatened to break a 30-year European heat record.