Tesla‘s stock neared an all-time high of $389.61 Tueday after the company announced plans to go private.
The stock was halted for roughly 90 minutes before the news was announced.
CEO Elon Musk bemoaned the pains of being public, like quarterly earnings reports, in a blog post.
Shares originally surged 7% in trading following a tweet from Musk hinting at the plans. After trading resumed, they climbed more than 11%.
Follow Tesla’s stock price in real-time here.
Shares of Tesla surged by as much as 12% on Tuesday, nearing a new record high of $389.61, after the company said it will attempt to go private pending a shareholder vote.
The stock was halted for roughly 90 minutes following a 7% surge in the stock’s price earlier Tuesday after CEO Elon Musk hinted at the possibility of going private on twitter. See the rest of the story at Business Insider
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