Elon Musk is right. Tesla should be private.

Sure his plan to take Tesla private is crazy ... like a fox

Elon Musk.
(Image credit: Illustrated | VCG via Getty Images, RomanSotola/iStock)

"Am considering taking Tesla private at $420. Funding secured."

Thus tweeted Tesla founder and CEO Elon Musk on Tuesday, promptly sending the stock market, the internet, and business journalism into a collective tizzy. The markets even temporarily halted trading in Tesla stock until the initial dust settled.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.