Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.
βAccording to Musk, he calculated the $420 price per share based on a 20% premium over that dayβs closing share price because he thought 20% was a βstandard premiumβ in going-private transaction,β the SEC alleged in its suit. βThis calculation resulted in a price of $419, and Musk stated that he rounded the price up to $420 because he had recently learned about the numberβs significance in marijuana culture and thought his girlfriend βwould find it funny, which admittedly is not a great reason to pick a price.ββ
Iβm losing it
I clicked that link begging it to be parody butβ¦. Noβ¦. Itβs realβ¦β¦.
