https://apnews.com/049f39b321e84401bc0f7c2b3ef9a6e6

NEW YORK (AP) — Tesla CEO Elon Musk announced Tuesday that he is considering taking the electric car maker private, causing the company's stock to spike.

In keeping with his unorthodox style, Musk made the out-of-the blue announcement in a terse tweet. He said he may take the company private at $420 a share and already has secured funding.