Elon Musk wants to get Tesla ... He promised "buy back" the company for us $ 82 billion
Source:
Let's order. Elon Musk, the "calling card" of Tesla, plans to buy all shares for 420 dollars and even found the funding to do this. He stated on Twitter shortly before the beginning of the madness. Shareholders can either sell the stock at $ 420 per share, or save them when the company becomes private. He also expressed the hope that all investors will stay with Tesla, even if it will be private. The Musk said that the company's time to leave the public market. All anything, but… maybe Elon did not quite legal in their statements.
Immediately after the announcement of Musk the company's stock price has crept up (now TSLA is trading at 379 dollars apiece). For the current day, the surplus was more than 10%. The exchanges had to halt trading (doing so the market doesn't go crazy from perturbations).
theElon Musk wants to make a second Tesla SpaceX?
Musk wants to redeem all of the company's shares when they reach the price of $ 420 apiece. It's much higher market prices. The valuation of the company in this case is 82 billion dollars. The businessman said that the money has already been found, but to dismiss the current investors are not going to.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk)
Also on the website Tesla appeared a letter in which Musk . In short:
"the Final decision is still pending, but the reason for doing all this is to create the conditions in which Tesla will work best. As a public company, we monitor the fluctuations in the value of the shares, and they distract us from work, and all the Tesla employees are shareholders of the company. […] Finally, the publicity means that many attack on the company."
For comparison, Musk cites the example of SpaceX, a private company that is not distracted by the stock market and continues to do its job.
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