Elon Musk considers taking Tesla off NASDAQ stock exchange

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Tesla is considering de-listing from the NASDAQ stock exchange.
Its CEO shocked Wall Street on Tuesday by announcing plans to turn the EV maker into a private company.
Elon Musk said that Tesla would offer shareholders 4-hundred-20 U.S. dollars per share, which would leave the firm valued at seventy billion dollars.
With this move, he would be pulling off the largest leveraged buyout in history, surpassing Texas electric utility TXU's buyout in 2007 for forty-four billion dollars.
Tesla shares climbed eleven percent, to close at 3-hundred-80 dollars per share on Tuesday, after that announcement.