According to Reuters, Elon Musk to take Tesla private

  • August 9, 2018

POTENTIAL DEAL DETAILS

StockTesla, Inc.SymbolTSLA
Date Announced08/07/2018Source Reuters
TypeUnsolicited BidAcquiring Company/Person CEO Elon Musk

CEO Elon Musk’s suggestion on Tuesday that he wanted to take Tesla (TSLA) private at $420 a share

Update(s):

August 10, 2018: Tesla Inc’s (TSLA) board has not yet received a detailed financing plan from CEO Elon Musk, and is seeking more information about how he will take the U.S. electric car maker private in a proposed deal worth $72 billion, people familiar with the matter said on Thursday.

August 11, 2018: Tesla Inc. (TSLA) Chief Executive Officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter.

August 12, 2018: The Saudi Kingdom’s Public Investment Fund is working to be part of any investor pool that emerges to take Tesla (TSLA) private, people with knowledge of the fund’s plans told Bloomberg News on Sunday.

August 13, 2018: Tesla Inc (TSLA) Chief Executive Officer Elon Musk said on Monday he was working with Silver Lake Partners and Goldman Sachs Group Inc  (GS) for financial advice on his proposal to take the electric car company private.

August 13, 2018: Update on Taking Tesla Private

August 14, 2018: Tesla Inc’s (TSLA) board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.

August 20, 2018: PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc (TSLA) CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday.

August 23, 2018: Elon Musk has hired Morgan Stanley to assist him in his potential bid to take Tesla Inc.  (TSLA) private, according to a person familiar with the matter.

August 24, 2018: Elon Musk says Tesla (TSLA) will stay public.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.