by Lynde Langdon
Posted 8/08/18, 01:35 pm
Tesla CEO Elon Musk said Tuesday he wants to buy up company stock and remove it from public trading. Musk got the ball rolling after the stock market had been open more than three hours with a tweet announcing he had secured funding to buy all of Tesla’s stock at $420 per share. At that price, the company would cost nearly $72 billion, though Musk owns roughly 20 percent of the Palo Alto, Calif., electric car maker. The confusion caused by Musk’s announcement prompted regulators of the Nasdaq stock market to temporarily suspend trading in Tesla’s stock.