Is it for real or is it just another communication plan from Elon Musk, the CEO and Founder of automaker Tesla (TSLA)? On Twitter, Musk wrote “am considering taking Tesla private at USD 420. Funding secured.” TSLA stock jumped 223.37% over the last 5 years from USD 120 to around 370 currently, 17 bucks per share below its record high at USD 387 on June 26, 2017. As Musk is USD 50 away from his goal, he seeks to “end negative propaganda from shorts” as if all the questions about TSLA cash-burning, production issues and so on would vanish when TSLA goes private. Caution is advised.
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