Musk says no final decision on taking Tesla private

Musk said a final decision has not yet been made, but the reason is to create an environment for Tesla to operate best.

Tesla Inc Chief Executive Officer Elon Musk said on Tuesday in a letter to employees that he is considering taking the electric car maker private at a price of $420 per share.

Musk said a final decision has not yet been made, but the reason is to create an environment for Tesla to operate best.

"As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders," Musk wrote in the letter https://www.tesla.com/blog/taking-tesla-private?redirect=no.

Trading in the company's shares were halted at $367.25, up 7.4 percent, after Musk tweeted earlier that he was considering taking the company private at $420 per share.

(Reporting by Sonam Rai in Bengaluru; Editing by Arun Koyyur)

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