Tesla to go private

Stocks soar

Elon Musk has become one of the world’s most prominent chief executives, and a billionaire several times over, by boldly making big bets on ideas that few others thought possible.

He started a private rocket company that sends materials into space, andplans to send astronauts soon. He is creating machines to bore giant tunnels through the earth. And Tesla Inc., where he serves as chief executive, has succeeded in creating an Apple-like brand of electric cars.

Through it all, he has shown a maverick — some would say arrogant — management style. On Tuesday, he may have outdone himself.

In a terse and cryptic Twitter post, he declared that he was ready to take Tesla private. The stock market that made his company worth over $60 billion wasn’t worth the hassle.

http/www.nytimes.com

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