Don't want to miss the best from Business Standard?
Tesla CEO Elon Musk on a usual Twitter day tweeted his desire to make his billion-dollar company private at USD 420 per share . The reason
After his tweet caused a stir, Musk wrote an email to Tesla employees explaining the rationale behind the thought. While the decision is not final, one of the reasons to take the company private to make it operationally efficient without any distractions.
Musk goes on to write how he envisions Tesla following the model of SpaceX where the employees are also the shareholders. The deal will be finalised through a vote of shareholders.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app