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    Elon Musk, eager to shed Wall Street, suggests massive buyout of Tesla. Its shares soar

    by Russ Mitchell, Los Angeles Times Aug 07, 2018 4 minutes

    SAN FRANCISCO - Elon Musk once again sent heads spinning with a bombshell tweet Tuesday, saying he's "considering" buying up shares of electric car maker Tesla.

    The deal contemplated by Musk, who has had a contentious relationship with Wall Street, would amount to the largest private buyout ever. If he paid shareholders the suggested $420 a share, Tesla would be worth $80 billion - more than any other U.S. car company.

    But Musk, Tesla's largest individual owner with 20 percent of fully diluted shares, might have to come up with $60 billion to buy out other shareholders.

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