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Elon Musk says he's 'considering taking Tesla private.' The stock jumps, then trading is halted

by Russ Mitchell, Los Angeles Times Aug 7, 2018 2 minutes

SAN FRANCISCO - Trading in Tesla stock was halted Tuesday after Chief Executive Elon Musk said via Twitter that he's "considering" taking the company private at $420 a share and has the funding to do it.

Such a deal would be worth about $71 billion, a $13-billion premium over the company's market value when U.S. stock markets opened Tuesday.

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