About an hour and a half after Musk's first tweet, trading on Tesla halted amid concerns of securities fraud.
"Given his historic frustration with short sellers, analysts and certain parts of the press, it is perhaps also not surprising that he has given consideration to taking the company private", Galliers said.
On April Fool's Day, Mr Musk, who owns nearly 20% of the company, joked on Twitter about Tesla going bankrupt.
First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best.
Musk has lashed out at critics and investors who have shorted the stock, going so far as to call one prominent critic's employer to silence him, and refusing to take a hard question from a financial analyst in the company's June shareholder meeting.
Doug Ford announces $1 beer by Labour Day weekend
Brewers are not required to charge less, but Ford says that there will be various incentives for those that do charge less. Barley Days Brewery , where Ford made his announcement, has said they will be releasing a specialty beer for $1.
Musk "has been running Tesla like a private company with publicly traded stock anyway so this deal makes some sense", Gartner analyst Mike Ramsey said.
Musk complains that Tesla is "the most shorted stock in the history of the stock market" and many people "have the incentive to attack the company". Whether he meant to do that or not, his tweet certainly had that effect: By the time trading halted, Tesla's market value had soared to $61.74 billion, a significant raise from its pre-tweet $58 billion. He cited SpaceX as an example and said it is "far more operationally efficient" because it is a private company.
Musk probably wasn't violating any regulations by simply announcing that he was considering taking the company private, Gordon said, but his assertion that the funding already has been locked up could "expose him to at least potential legal risk" if it turns out that the financing is on shaky footing.
Tesla did not immediate respond to requests for comment.
Earlier in the day, Tesla shares had worked their way on word of a new stake in Tesla from the Saudi Arabia sovereign wealth fund, according to Financial Times. During last week's quarterly recap, Musk raised the prospect of a turnaround from consistent losses to consistent profits in the current quarter, giving share prices a boost.
Here's what I envision being private would mean for all shareholders, including all of our employees. But he says any deal would be structured so that shareholders could opt to remain investors or be bought out at $420 per share.
Johnny Depp's City of Lies Pulled a Month Before Its Release
The film was set to be released in North America by Global Road Entertainment on September 7 and no new release date has been set. Here is the official synopsis so you have a better idea what Global Road is dealing with in terms of this controversial story.
He promised that Tesla shareholders would be able to keep their shares if desired, and that Tesla employees could continue to sell shares and exercise options.
Third, the intention is not to merge SpaceX and Tesla.
Finally, this has nothing to do with accumulating control for myself.
But time and again Musk and Tesla have been given more time to achieve success.
He also emphasised that he hopes all shareholders decide to stay in for the ride and the proposal will ultimately be put to a vote.
Elon Musk considers a private Tesla in tweet, shares jump
With shares at $369.90, short-sellers logged an on-paper loss of $977 million, according to financial analytics firm S3 partners. But asked if he would take legal action against Musk over the allegation, Unsworth said: 'If it's what I think it is yes'.