Hyperdrive

Musk's Tesla Scenario Would Mean Funding Biggest Buyout Ever

Tesla Going Private Makes Sense, Auto Analyst Albertine Says
Lock
This article is for subscribers only.

All the market had was a couple of tweets to go by. But based on those, the transaction described by Elon Musk for Tesla could be the largest leveraged buyout in history.

Back of the envelope, Musk’s tweet that funding was secured to take the electric carmaker private at $420 a share would equate to an enterprise value of about $82 billion including debt.