Chief Executive Elon Musk abandoned plans to take the luxury electric car maker private.
NEW YORK: Billionaire investor Elon Musk has always done things his own way, from designing space rockets to manufacturing electric cars. Now the Tesla Inc CEO is looking to reengineer how a company can be taken private.
Musk announced on Twitter on Tuesday that he was considering taking Tesla private for US$420 per share, or US$72bil, in what would be the biggest deal of this kind. He said the funding for the deal was secured, but did not provide details.
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