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Earlier today, Elon Musk sent an enigmatic and unexpected Tweet referencing “going private” at a price of $420. It was initially dismissed by some as a joke about Cannabis, but it quickly became apparent that Musk’s message was referencing a potential move to make Tesla a privately-traded company again.
The transition would see Tesla cease trading on the NASDAQ stock exchange and return to a privately-held business, with existing shareholders given the option of turning their public shares into private shares of the company through a special fund, or selling them to a private buyer for a price of $420 per share.
But what does going private really mean? Is it a good idea? And what’s next?
Watch the video above to find out more, like, comment and subscribe to our channel, and support us using the links above.