Deals
As Tesla Considers Going Private, Wall Street Wonders How
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Elon Musk might have a clear plan for taking Tesla Inc. private. Analysts aren’t convinced.
Reactions to the chief executive officer’s tweet Tuesday that he was considering going private have widely varied on Wall Street. While some analysts say the $420 per share value cited by Musk is too low to entice investors, others say the company fundamentals don’t support a valuation that high. The company’s staggering debt load and already high capitalization may make it tough for the company to go private, the analysts also said.