"Am considering taking Tesla private at $420". The stock had been worth about $342 a share before Musk's tweet. Musk owns approximately 20 percent of those outstanding shares, which would lower the price tag a bit, but it would still be pretty hefty.
Some outlets are questioning whether or not the tweet came from Musk himself, but considering how Tesla's stock price reacted to the tweet (at the time of writing, it's up nearly $20 per share over its opening price), it could be just another way to keep burning the folks shorting Tesla stock, who have been the target of many Musk tweets in the past.
Tesla has not confirmed whether the tweet was real - or if the CEO's account was hacked.
On April 1 this year, Musk tweeted, "We are sad to report that Tesla has gone completely and totally bankrupt".
The stock since settled at $366.94 before exchanges halted trading, pending an upcoming announcement from the company.
Tesla did not immediate respond to requests for comment.
Going private is one way to avoid the intense scrutiny of public markets. "Would create special goal fund enabling anyone to stay with Tesla".
FILE PHOTO: Elon Musk listens at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018. So it will take some very deep pockets to buy up all of Tesla's publicly held stock.
Separately, the Financial Times reported on Tuesday that Saudi Arabia's sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built an undisclosed stake of 3-5% in Tesla. I think he's serious.