Billionaire investor Elon Musk has always done things his own way, from designing space rockets to manufacturing electric cars. Now the Tesla CEO is looking to re-engineer how a company can be taken private.

Musk announced on Twitter on Tuesday that he was considering taking Tesla Inc. private for $420 per share, or $72 billion, in what would be the biggest deal of this kind. He said the funding for the deal was secured, but did not provide details. The company's board on Wednesday morning released a statement saying Musk opened a discussion with the board last week about taking the company private.

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Is Taking Tesla Private A Practical Thing To Do?

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