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could the electric car maker
tesla be on the journey
to being a private company?
founder and chief executive
elon musk says it's something
he's now considering.
the company has had a turbulent
ride in its eight years
as a public company traded
on new york's nasdaq stock exchange.
mr musk says the deal would pay
$420 a share
and take the company back
into private hands.
he says he already has
the financial backing.
tesla shares closed nearly 11% up,
valuing the company around
$82 billion, and mr musk‘s offer
represents a 10% premium on that.
but why would he want to?