Tesla CEO Elon Musk is considering making the company private with a price of $420 per share. According to Reuters , Musk sent a letter to his employees explaining the possibility. The reason for why he would do so is to create the best environment for Testa to operate in. "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.