Tesla (TSLA) surged more than 7% after CEO Elon Musk’s tweet
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Tesla (TSLA) surged more than 7% on Tuesday after the Financial Times reported Saudi Arabia’s investment fund had amassed a $2 billion stake in the company.
Following the surge, trading of Tesla’s stock was halted at 2:08 pm Tuesday as CEO Elon Musk’s tweeted:
“I am considering taking Tesla private at $420. Funding secured”.
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