"Funding secured", Musk said on Twitter, without disclosing the source of the funding.
Mr Musk has had feuds with regulators, critics and reporters, and questions remain about Tesla's production and manufacturing difficulties, long-term demand for its cars and uncertainty over funding. Factoring in $US8.8 billion ($11.9 billion) in debt, Musk's ganja-friendly target price to go private would value the company at around $US80 billion ($107.8 billion).
Green Car Reports reached out to Tesla for comment and is awaiting comment. Funding secured."Musk's tweet followed a report from the Financial Times that the Public Investment Fund of Saudi Arabia had acquired a $2 billion stake in the company".
Tesla's shares jumped as high as US$371.15 in afternoon trading before trading was halted.
Tesla CEO Elon Musk, in true Elon Musk fashion, took to Twitter to think out loud about his electric vehicle business.
Palo Alto-based Tesla, named after the physicist Nikola Tesla, went public in 2010.
Musk's rationale for $420 a share? Eventually, the SEC decided that companies and executives could use social media to pass along information, as long as shareholders know ahead of time to look on those platforms. The company had a market value of $58bn as of Monday's close. With approximately 170 million outstanding shares, Musk's proposed privatization of the company at $420 per share would require $71.4 billion, about a 17 percent increase. "His mission for Tesla (to accelerate the globe's adoption of sustainable energy) is both grand and long-term, making it hard to accommodate investors quarterly expectations". He went on to say he hopes all shareholders stick with the company but, if not, this is their time to exit while still making a "nice premium".
Gene Munster, managing partner at Loup Ventures and a top tech analyst, said the odds that Musk will take Tesla private were about one in three.
Taking Tesla private would be an extreme albeit effective way of muting Tesla's bears, according to Michael O'Rourke, chief market strategist at JonesTrading.
The five votes against came from Manchester City , Manchester United, Crystal Palace , Watford and Swansea. Click through the gallery above to see pictures of City lifting the Community Shield on Sunday .
Bixby 2.0 is launching with the Note 9 handset, apparently, though it will roll out to the S9 Plus as well in the near future. Then, there's a microSD card slot up top where you can expand another 512GB of storage - summing it up to 1TB.
Rondon was a standout performer for the Baggies but could not prevent Darren Moore's side from dropping down to the Championship. He will now link up with Rafael Benitez's Newcastle , with Gayle heading to the Hawthorns on loan for the campaign in return.
Noticeably absent from the latest list is polysilicon, the main ingredient in solar cells, which the US does export to China. A lot of Republicans in Congress will tell you that they support President Donald Trump but disagree with him about trade.
The tremor came a week after a shallow 6.4-magnitude quake hit Lombok, killing 17 people and damaging hundreds of buildings. Airports in both Lombok and Bali are still operational, House of Travel product and channel director Dave Fordyce said.
Menendez wrote in a tweet Monday that Trump wouldn't have questioned James' intelligence or charity work if he were white. Menendez directly addressed that comment with his first tweet on Monday night.
While James' interview aired Monday night and into Tuesday, the president clearly didn't hear about it until Friday. In 2013, he congratulated James on winning Athlete of the Year at the ESPYs and "a great guy".
Amazon , Microsoft and Alphabet are in a tight race to become the second U.S. company to reach the $1 trillion milestone. Whether or not Apple can retain this market cap - or close to it - in the long run remains to be seen.
Dana White: Conor McGregor will not be punished for bus attack
McGregor was an event first and foremost, and whether or not a competitive fight ever came out of it was never really the point. Last month he was sentenced to five days of community service in the United States after pleading guilty to disorderly conduct.
Pedro signs one-year contract extension at Chelsea
While Hazard still has two years left on his contract, Chelsea are trying to tie him down to a new deal worth £300,000-a-week . The player was due to return on Monday following his exploits with Brazil in this summer's World Cup.
Demi Lovato Agrees to Go to Rehab After Hospital Release
Unnamed sources told TMZ Thursday and People Friday that the singer will begin treatment immediately after she is discharged. Demi experienced complications after her apparent overdose and remained in the hospital with extreme nausea and fever.
Verizon, Motorola unveil 5G-upgradable smartphone, Moto Z3
However, the cool thing about Moto Z3 is that it is super thin and that it sells for the somewhat affordable price of $460. The smartphone doesn't yet have a United Kingdom release date or price , but it will be hitting USA stores from 16 August.
Solid July Jobs Report Points to Momentum in Q3
Strong demand from consumers and businesses sharply reduced the stockpiles of goods held on many store shelves and warehouses. The consensus on Wall Street calls for the central bank to raise rates twice more this year, in September and December.
Iranian protesters attack Islamic school as sanctions loom
President Donald Trump's decision to pull out of an global agreement on Iran's nuclear program and re-impose sanctions on Tehran . As an original signatory, the USA also pledged to waive secondary sanctions as long as Iran continued to abide by the deap.