Mr Musk got the ball rolling Tuesday after the stock market had already been open more than three hours with a tweet announcing he had secured funding to buy all of Tesla's stock at $US420 ($566) per share with no further details.
Musk expounded on the idea in an email sent to Tesla employees today, which has since been published on the Tesla website.
Musk's tweet comes as Tesla faces continued pressure to ramp up output of the Model 3 sedan, its first effort at the middle market.
Elon Musk's suggestion on Tuesday that he would like to take Tesla Inc private may provide something the electric vehicle maker needs: a little debt relief. "Either they can stay investors in a private Tesla or they can be bought out at $420 per share, which is a 20 percent premium over the stock price following our Q2 earnings call". "Given his historic frustration with short sellers, analysts and certain parts of the press, it is perhaps also not surprising that he has given consideration to taking the company private", Galliers said. The company said it expects to be profitable during the second half of 2018. On April Fool's Day, amid growing market concerns about Tesla's cash crunch, he had tweeted a fake news release that said Tesla would have to file for bankruptcy. The company had a market value of $58 billion as of Monday's close.
Manafort Trial: 4 Insights As Week 2 Begins
Manafort has a second trial scheduled for September in the District of Columbia. "The real fireworks are going to come when Mr. On Tuesday, Manafort's former bookkeeper Heather Washkuhn also testified that Manafort lied about his income to banks.
Musk also owns about 10 percent of Space X, which is valued at $25 billion and a large portion of The Boring Company, which analysts have said could reach $16 billion in value if it executes on current contracts. If shareholders approved the deal, it would remove Tesla from Wall Street scrutiny, eliminating the need to publicly disclose its earnings and - for Musk - the requirement to explain himself to shareholders.
Earlier in the day, the Financial Times reported that Saudi Arabia's sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built an undisclosed stake of between 3 and 5 per cent stake in Tesla.
Musk amplified this point on Tuesday, saying on Twitter that going private "will be way smoother", end "negative propaganda from shorts" and benefit shareholders.
"This is a boon for any bondholder at Tesla, because most of the bonds are convertible notes".
Investors like billionaire George Soros now have the option to take advantage of Tesla's recovering share price, as the company's $920 million convertible bond due in March 2019 passed its $359.8676 conversion rate.
"Being forced to sell at $420 in a go-private deal would be a little bit of a bummer because, although myself and all the other Tesla investors would make money at an all-time high, we'd be missing out on a long-term ride", Russell said.