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- Elon Musk recently tweeted that he wanted to take Tesla private at a price of $420 per share — which many thought was a reference to weed.
- 420 is widely recognised as a coded reference to marijuana.
- But in an interview with the New York Times Musk said he is no fan of weed, and denied being high while tweeting.
- Musk said he got the figure by sticking a 20% premium on Telsa's trading price, which came out at $419.
- He said he then added $1 for "better karma," giving him $420.
Elon Musk has implied that the $420 stock price he floated for taking Tesla private was not a covert reference to weed, contrary to widespread speculation.
In an interview with The New York Times, Musk also said that he was not high at the time he first mentioned the go-private plan in a tweet that quickly landed him in hot water.
See the rest of the story at Business Insider
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