Musk's tweet came two weeks after Tesla revealed it had burned through $739.5 million in cash on its way to a record $717.5 million net loss in the second quarter, as it cranked out more electric cars. In that same tweet, he claimed that he has already secured the funding for doing so.
Tesla did not immediately respond to a request for clarification.
Tesla now has a market value around $60 billion, which would make its take-private price tag about $80 billion, Galloway said.
Mendocino Wildfire Becomes California's Largest, and It's Still Growing
It's killed seven people , including two firefighters who were helping residents evacuate from the affected area. Evan Westrup, Brown's press secretary, said Trump's tweeting "does not merit a response".
Mr Musk has previously discussed the drawbacks of being a public company, saying shareholder demands often produce short-term thinking.
At 2:08 p.m. ET, Nasdaq reportedly halted trading of Tesla's shares.
In his tweet, Mr Musk said he could buy outstanding shares in the firm for $420 each, around a fifth higher than the share's current price. The tweet prompted questions about how serious Musk's intentions were. "Would create special-purpose fund enabling anyone to stay with Tesla".
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Hundreds of supporters gathered outside the hospital, and there were public scenes of mourning after his death was announced. And in a career spanning 80 years, he wore different hats - a student leader, scriptwriter, orator and politician.
FILE PHOTO: Elon Musk listens at a press conference following the first launch of a SpaceX Falcon Heavy rocket at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018.
"I believe Tesla considers Tweets as public disclosure". Shares are up as high as 9% on the day.
Separately, the Financial Times reported on Tuesday that Saudi Arabia's sovereign wealth fund, overseen by Crown Prince Mohammed bin Salman, has built an undisclosed stake of 3-5% in Tesla.
Mendocino Complex fire becomes California's second largest in history
Hundreds of colleagues, family and friends attended a memorial service Saturday in Fresno for National Forest Service Capt. A brand new blaze called the Holy Fire was ignited on Monday in Orange County, quickly expanding to more than 1,200 acres.