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Elon Musk's Tesla Go-Private Tweets: Are They Legal And Is The Deal Even Plausible?

Tesla Inc TSLA shares were halted with news pending Tuesday at 2:08 p.m. after CEO Elon Musk tweeted he was considering taking the company private. The tweets came not long after a report that Saudi Arabia's sovereign wealth fund has built a $2 billion stake in Tesla.

Tesla representatives confirmed the unexpected tweets were, in fact, posted by Musk and were not the result of a hack. The company didn't confirm or deny any particular strategy, though.

The stock was halted at $366.94 per share.


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