Tesla CEO drops latest bombshell with $72B buyout proposal
SAN FRANCISCO (AP) — Tesla CEO Elon Musk is considering leading a buyout of the electric car maker in a stunning move that would end the maverick company's eight-year history trading on the stock market.
In his typically unorthodox fashion, the eccentric Musk dropped his bombshell on his Twitter account, which he has used as a platform for pranks, vitriol and now for a proposal to pull off one of the biggest buyouts in U.S. history.
Musk got the ball rolling Tuesday after the stock market had already been open more than three hours with a tweet announcing he might buy all of Tesla's stock at $420 per share with no further details.