The exhibition set to transform the regional flooring industry
Musk, who owns approximately 20 per cent of Tesla at the moment, said he aims to structure the company in such a way so that all shareholders have a choice.
Musk said he wants all Tesla employees to remain shareholders of the company just as is the case at SpaceX.
"The intention is not to merge SpaceX and Tesla. They would continue to have separate ownership and governance structures," Musk wrote.
This proposal to go private would ultimately be finalised through a vote of shareholders.
Shares of Tesla were halted on Tuesday afternoon following Musk's Twitter message -- an announcement that blindsided Wall Street and led to questions about fraud, the New York Post reported.
The Tesla CEO tweet earlier sent shares up $16 in five minutes, to $371.07.
The stock since settled at $366.94 before exchanges halted trading, pending an upcoming announcement from the company.
It was unclear what prompted the tweet. Earlier in the day, it was reported that Saudi Arabia was taking a $2 billion stake in the electric automaker, the New York Post reported.
Bullish on the performance and increased production of "Model 3" cars, Musk is also planning to introduce a mini-car.
The electric car maker reported revenue of $4 billion in the second quarter of 2018, with $2.2 billion in cash in hand.
The exhibition set to transform the regional flooring industry
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The exhibition will focus on key trends such as AI, cloud, and operational technology, as well as bridging the skills gap
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