Elon Musk has tweeted that he has the funding to take Tesla private at $420 per share.
A shareholder vote would be needed to approve it.
This would be about a $72 billion valuation.
Elon has 33.7 million shares of Tesla. Elon shares of Tesla would be worth $14.1 billion.
Elon Musk net worth would be about $27 billion.
Elon would move past Paul Allen to become the 30th richest person in the world.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
It is reported Saudi’s Public Investment Fund purchased between 3% and 5% of Tesla’s shares, in what could be seen as yet another bold bet by Saudi Arabia Crown Prince Mohammed bin Salman. It was in the range of $2-3 billion.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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