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Elon Musk Tweets He's Considering Taking Tesla Private

Started by Sam, August 07, 2018, 02:55:17 PM

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What a crazy time to be an investor. I coulda swore in the past, a public company CEO couldn't just blurt out that he's secured funding and considering taking his company private. But I guess nowadays, you can say whatever you want and make money happen.

I will say that it's interesting how much better it is to be a private company than a public company. As a private company, you can do whatever the heck you want with nobody breathing down your neck.




Yeah seriously! Twitter went all sorts of crazy with memes and jokes on the whole "funding secured" comment. Definitely not something I would expect a public CEO to say in a tweet, but lots of people say all kinds of stuff on social media without really thinking or caring about how it's perceived. The stock shot up to 379 on Tuesday when he made the comment but has come back down to 355.49 as of Friday's close.


It's not a surprise they got hit with a subpoena by the SEC even though it took a week. Tesla's board must be so PO'd. Will be interesting to see what comes of the investigation.