BOLDUAN: A bombshell from businessman, Elon Musk. The Tesla CEO says he wants to take his company private once again and Tesla's board says it's looking at the options. What is going on here? CNN's chief business correspondent, Christine Romans, is live from the New York Stock Exchange with more on this. Christine, what do you make of this?</s>CHRISTINE ROMANS, CNN CHIEF BUSINESS CORRESPONDENT: It's a fascinating -- he's had a very cranky relationship with Wall Street, the Wall Street analysts for some time. He's got this big, broad vision. When he can't meet some of his production goals for the Model 3, Wall Street tends to be critical of him. And he doesn't like these short sellers. These are investors who come in and sell a stock they don't own and profit from basically not having a vision in the company. He says in a tweet yesterday, which shocked everyone, he said that he has the funding prepared to take his company private at $420 a share. Valued at something like $70 billion. That would be the largest ever public-to-private conversion. And sort of day two here, the stock down a little bit, but it's getting a lot of attention. We'll talk about that later on "MARKETS NOW," CNN.com/markets now. Also interview the Movie Pass CEO about the changes to their subscriber service and how much money they're losing -- Kate?</s>BOLDUAN: A lot more to come. Christine, thank you so much. I really appreciate it.</s>ROMANS: Thanks.</s>BOLDUAN: Any moment for us, the U.S. attorney's office will be holding a news conference about this morning's arrest of Republican Congressman Chris Collins, arrested for insider trading. We'll bring that to you live.
Elon Musk Wants to Take Tesla Private.