Aug

For Elon Musk, an $82 Billion Gambit to Silence Tesla’s Critics

Electric-car maker’s CEO shocks market with take-private plan
Calls being public distracting, cites ‘enormous pressure’

The wild tweet hit Wall Street at precisely 12:48 p.m. Tuesday — and things just keep getting wilder.

Seemingly out of the blue, Elon Musk proclaimed that he might pull his money-losing Tesla Inc. off the market. Taking the electric-car company private at the price he touted would amount to an $82 billion valuation, a monumental sum that left many investors wondering: Is this a joke?…

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For Elon Musk, an $82 Billion Gambit to Silence Tesla’s Critics

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