Report: Tesla Inc (TSLA) Board To Hold Meeting With Bankers About Going Private

NASDAQ: TSLA | Tesla, Inc. News, Ratings, and Charts

TSLA – Tesla’s Board to meet with bankers next week regarding going private talks – CNBC.

If Tesla Inc (NASDAQ:TSLA) is in fact going to go private, then CEO Elon Musk may have to sit on the sidelines while a deal is hammered out. That’s the latest scuttlebutt in a week of never-ending drama surrounding the electric vehicle maker. 

CNBC has the latest on Tesla.

The Tesla board of directors plans to meet with financial advisors next week to formalize a process to explore Elon Musk’s take-private proposal, according to people familiar with the matter.

Musk announced via Twitter this week that he hopes to take the automaker private, in what would be one of the biggest such deals in history.

Musk’s tweet about potentially taking Tesla private disrupted the markets on Tuesday, and trading in shares of the company were temporarily halted. Shares have been gyrating ever since, and there remain questions on whether or not Musk broke any laws by broadcasting a major piece of company news on Twitter.

The Tesla honcho has reportedly talked with Saudi Arabia’s sovereign wealth fund about funding a potential deal.

Tesla Inc shares rose $5.08 (+1.44%) in premarket trading Friday. Year-to-date, TSLA has gained 13.20%, versus a 7.73% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a POWR Rating of B (Buy), and is ranked #5 of 24 stocks in the Auto & Vehicle Manufacturers category.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from!

Top Stories on

NYSE: CMG | Chipotle Mexican Grill, Inc. Common Stock News, Ratings, and Charts

Chipotle (CMG) reports earnings, tops expectations

The chain’s stock has soared 63% so far in 2019.
NASDAQ: FB | Facebook, Inc. - Class A Common Stock News, Ratings, and Charts

Facebook (FB) reports Q1 earnings, shares surge

Facebook Inc. shares jumped in late trading Wednesday.
NASDAQ: MSFT | Microsoft Corporation News, Ratings, and Charts

Microsoft (MSFT) reports Q3 earnings, shares move higher

Microsoft reported fiscal Q3 2019 earnings on Wednesday, and the stock jumped 2 percent on better-than-expected revenue.
NYSE: CAT | Caterpillar, Inc. Common Stock News, Ratings, and Charts

Caterpillar (CAT) reports earnings, shares slide

Caterpillar Inc spooked investors for a second straight quarter.
NYSE: TWTR | Twitter, Inc. Common Stock News, Ratings, and Charts

Trump met with Twitter (TWTR) CEO Jack Dorsey at the White House

Trump held a closed-door meeting with Twitter co-founder Jack Dorsey at the White House on Tuesday evening to discuss the social media platform.

Read More Stories

More Tesla, Inc. (TSLA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All TSLA News
Page generated in 1.3633 seconds.