Tesla CEO Elon Musk surprised many on Tuesday when he tweeted that he may take the company private, saying, "Am considering taking Tesla private at $420. Funding secured." The plan was elaborated on in a blog post at the Tesla website. Though, the post doesn't mention financing.
Musk said he would ensure shareholders have options, which could include retaining a stake in the company or selling their shares, as suggested in the tweet, for a profit. The tweet made Tesla's price soar before the stock was halted for around an hour, reports CNBC. It continued to surge when trading resumed.
However, what caught the attention of the weird internet wasn't the potential financial impacts, but Musk's sign-off.