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.