Tesla Stock Spikes After Musk Tweets About Privatizing

NEW YORK (AP) – Tesla CEO Elon Musk announced Tuesday that he is considering taking the electric car maker private, causing the company’s stock to spike.
In keeping with his unorthodox style, Musk made the out-of-the blue announcement in a terse tweet. He said he may take the company private at $420 a share and already has secured funding.
“Am considering taking Tesla private at $420. Funding secured,” Musk tweeted, following up with “good morning” and a smile