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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Aug. 8, 2018)
NATION/WORLD Wednesday, August 8, 2018 East Oregonian Page 7A Tesla CEO drops latest bombshell with $72B buyout proposal SAN FRANCISCO (AP) — Tesla CEO Elon Musk is considering leading a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on the stock market. In his typically unorth- odox fashion, the eccen- tric Musk dropped his bombshell on his Twitter account, which he has used as a platform for pranks, vitriol and now for a pro- posal to pull off one of the biggest buyouts in U.S. history. Musk got the ball rolling Tuesday after the stock mar- ket had already been open more than three hours with a tweet announcing he might buy all of Tesla’s stock at $420 per share with no fur- ther details. At that price, the buyout would cost nearly $72 bil- lion, based on Tesla’s out- standing stock as of July 27, but it’s unlikely the deal would cost that much because Musk owns a roughly 20 percent stake in the Palo Alto, California, company. He also said he intends to give Tesla’s exist- ing shareholders the option of retaining a stake in the company through a special fund, if they want. “Am considering taking Tesla private at $420. Fund- ing secured,” Musk wrote in his first tweet, following up with “good morning” and a smiley emoji. His tweet came hours after the Financial Times reported that Saudi Arabia’s sovereign wealth fund had built a significant stake in Tesla Inc., but it was unclear if that was the funding Musk was referring to. The Finan- cial Times, citing unnamed people with direct knowl- edge of the matter said Saudi Arabia’s Public Investment Fund had built a stake of between 3 and 5 percent of Telsa’s shares. Musk’s announcement was initially met with wide- spread skepticism, with many people connect- ing the proposed $420-per- share offer with 420 being a common slang term for marijuana. Musk also previously used his Twitter account to joke that Tesla was going bankrupt in an April Fool’s Day tweet and his stability was called into question last month after he called a Brit- ish diver who helped res- cue children from a Thai- land cave a pedophile. That baseless tweet was quickly deleted and Musk apolo- gized to the diver. The confusion caused by Musk’s Tuesday announce- ment via Twitter also prompted regulators of the Nasdaq stock market to tem- porarily suspend trading in Tesla’s stock. PO BOX 1 • 101 Olson Rd • Boardman, OR 97818 • 541-481-3014 www.boardmanchamber.org • email: info@boardmanchamber.org OUR NEXT CHAMBER LUNCHEON Wednesday, August 15th During our luncheon CAPECO will be there to discuss their programs. Directly after the luncheon they will be leading a conversation on community needs. Assisting People To Become Independent, Healthy, And Safe In order to live up to that goal, CAPECO’s employees work hard to develop and deliver diff erent kinds of programs that will address the issues faced by the low-income citizens in our service area. Although CAPECO cannot possibly deal with all of the problems, we want to use the funds we have in the most eff ective way. We cannot do that without your help. You are the only person who understands the problems that you face daily. You are the only person who can tell us if the programs we deliver are still eff ective, or need to be changed in order to deal with more current issues. Representatives will be at the following locations and will host a small group discussion and a survey. See you there! Boardman Milton Freewater Pendleton August 3 Milton Freewater Senior Center Luncheon 311 N Main St, Milton-Freewater, OR 97862 11:15 am - 1 pm August 15 Boardman Chamber Luncheon at Port of Morrow 2 Marine Drive, Boardman,OR 97818 11:45 am - 2:00 pm August 29 Senior Luncheon at Memorial Hall in Weston 210 E. Main St., Weston, OR 97886 11 am - 1 pm August 28 City Hall Community Room 500 SW Dorion Ave, Pendleton, OR 97801 1 pm - 3 pm Hermiston • Basketball Court • Playground • Oversized Garages • Dog Park August 27 Senior Center 510 SW 10th St, Pendleton, OR 97801 11 am - 1 pm Athena/Weston/Adams/Helix Pendleton Community Amenities Port View Apartments located in Boardman, OR boast easy access to 1-84, 1-82 and Hwy 730. Apartment Amenities • GE Appliances with Built-in Microwave • Air Conditioning • Large Closets • Patio/Balcony • High Definition Laminate Countertops Heppner September 13 City Hall Conference Room 111 N Main St, Heppner, OR 97836 10 am to 12 noon, Lunch to Follow September 18 Community Center • 415 S Hwy 395, OR 97838 • 3 pm - 5 pm Port View Apartments in Boardman, OR Spend your time taking a boat ride on the Columbia River, a short drive to Pasco, Kennewick and Richland (Tri-cities), WA or spend time at the Umatilla National Wildlife Refuge. Port View Apartments is your oasis from a hard day of work. Port View Apartments include studio, one, two, and three bedroom floor plans. Citizens visit: www.surveymonkey.com/r/CAPECOneedsassessment to take the survey! Partners/service providers visit: www.surveymonkey.com/r/CAPECOpartners to take the survey! Boardman Senior Center: Every Tuesday & Thursday @ noon. All are welcome! $4 for seniors 55 & above; $5 for those 54 and under 100 Tatone Road, Boardman August Menu: Thursday, August 9 Spaghetti, salad, garlic bread, cobbler Tuesday, August 14 Hamburgers/hot dogs, potato salad, chips Thursday, August 16 (BIRTHDAY DINNER!) Roast pork w/ apple sauce, mashed potatoes & gravy, salad, cake & ice cream Tuesday, August 21 Chef salad, fruit tray Thursday, August 23 Meat loaf, potatoes & gravy, salad, dessert 541.954.9171 Tuesday, August 28 Pork & potato casserole, salad, spinach, dessert Thursday, August 30 Chicken pot pie, salad, dessert portview@affinityproperty.com www.portviewapts.com 320 NE Columbia Ave. | Boardman, OR | 97818 Office Hours: Monday - Friday • 9:00 am - 6:00 pm Saturday - Sunday: Closed BOARDMAN CHAMBER NIGHT OUT COME JOIN US FOR FREE FOOD AND FUN WHY: To Meet your local fi rst responders WHO: • Boardman Ambulance • Boardman Fire Protection District • Boardman Police Department WHEN: On Wednesday August 29th, 2018 - From 5pm until 8pm WHERE: The Boardman City Park Located west of the Post Offi ce between Boardman Ave & Park Pl. Sponsored in part by the Boardman Chamber of Commerce Clinic Mon - Fri: 7:30 am - 8 pm Sat: 8 am - 5 pm • Temporary Staffing Services • Recruiting • Human Resource Management • Risk Management • Payroll Administration • Worker’s Comp Insurance Pharmacy Mon - Fri: 9 am - 7 pm Sat: 9 am - 6 pm 541-481-7212 541-481-5444 450 Tatone Street Boardman, OR 97818 220 S. Main Street Boardman, OR 97818 1055 S. Hwy 395, Ste 333 • Hermiston, OR (541) 567-9670 • Fax (541) 567-4427 202 N. Main St., Boardman, OR (541) 481-2666 • Fax (541) 481-2239 WWW.BARRETTBUSINESS.COM FIRST-CLASS SERVICE & LOCAL EXPERTISE. PROPERTIES ART KEGLER PRINCIPAL BROKER, GRI amwest@centurytel.net Cabins ~ RV’s ~ Tents Fishing ~ ATV Trails Concessions R es er va tion L ine 541-9 8 9 -8 2 14 W eb s ite: m or r ow countypa r k s .org Em a il: m cpa rk s @ co.m or r ow .or.us Oregon Licensed Realtor M or r ow C ounty P ub lic W ork s 2 Marine Dr., Suite #104, BOARDMAN 541-481-2888 • 541-720-2020 CELL 3 6 5 W . Hw y 74 • P O B ox L exington, OR 9 78 3 9 541-9 8 9 -9 50 0 office SERVING Our experienced agents can analyze your insurance needs and select the company or companies best suited to your individual situation. You'll get hometown service from your neighbors and friends. Monday through Friday, or by appointment. www.wheatlandins.com IONE 245 NW Main, Suite 100 • PO Box 26 Phone 541-422-7410 Fax 541-276-7688 HEPPNER 294 N. Main • PO Box 755 Phone 541-676-9113 Fax 541-276-7688 HERMISTON 455 E. Main St. • PO Box 1349 Phone 541-567-8834 Fax 541-276-7688 Offices also located in: 541-676-9161 • 541-481-2911 • Morrow • Wheeler • Gilliam • Grant COUNTIES communitycounselingsolutions.org • PENDLETON • CONDON • ELGIN • LA GRANDE • ENTERPRISE • ATHENA, WALLOWA • BAKER CITY • Commercial • Farms & Crops • Agriculture • Ranch • Personal • Industrial • Worker's Compensation• Service Organizations • Health, Life & Financial Services “We offer a wide variety of behavioral health services” If you would like to help sponsor the Boardman Chamber page, published on the 2 nd Wednesday of every month, Call Audra Workman at 541-564-4538.
