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August 8, 2018

Tesla CEO's new bombshell is a $72B buyout proposal

By MICHAEL LIEDTKE and ALEXANDRA OLSON
AP Business Writers

SAN FRANCISCO — Tesla CEO Elon Musk is considering leading a buyout of the electric car maker in a stunning move that would end the maverick company's eight-year history trading on the stock market.

In his typically unorthodox fashion, the eccentric Musk dropped his bombshell on his Twitter account, which he has used as a platform for pranks, vitriol and now for a proposal to pull off one of the biggest buyouts in U.S. history.


 
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