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Elon Musk's latest big idea is daring even by his standards: He wants to turn Tesla into a private company.He stunned investors on Tuesday with a tweet saying he had already lined up the funding, and he told employees that it would relieve the electric car company of the "enormous pressure" of Wall Street's expectations.In a letter to Tesla workers that was posted on the company's blog, Musk called his idea the "best path forward.""As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders," he wrote.He also said trading its stock publicly "means that there are large numbers of people who have the incentive to attack the company." Musk has complained repeatedly about short-sellers, who profit when Tesla stock drops.Musk, the CEO and largest shareholder, said on Twitter that the private funding valued Tesla at 0 per share. Tesla is already the most valuable automaker in the United States.The early afternoon tweet sent Tesla stock spiking by almost 9%. Trading in Tesla was halted for more than an hour before Tesla posted Musk's letter to employees on its blog. It finished up 11%, at 9.The stock had climbed slightly earlier in the day after the Financial Times reported that Saudi Arabia has quietly built a big stake in the company.At first, Tesla had declined comment on Musk's tweet, even as he casually engaged Twitter followers with more posts about his plans.Musk said that he hoped all current investors would stay with Tesla even if it went private. He said he would create a special fund to allow that. Fidelity, the investment firm, has such a fund for its stake in SpaceX, a separate private company also run by Musk.He pledged to hold on to his stake in the company, about 20%, no matter what. He said he was "super appreciative" of Tesla shareholders, and vowed to "ensure their prosperity in any scenario."Tesla has burned through cash while struggling to produce the Model 3, its lowest-priced electric car. That has driven the stock lower and raised concerns about whether Tesla will need to sell more shares to pay for expansion. Musk has insisted Tesla has no such need.Musk has also clashed repeatedly with critics, especially investors who have taken short positions on the stock, meaning they benefit when the price falls. He clashed with analysts on a contentious call after Tesla reported earnings three months ago.Gene Munster, managing partner at Loup Ventures and a top tech analyst, said the odds that Musk will take Tesla private were about one in three. But he said the idea made a certain amount of sense."Musk does not want to run a public company," Munster wrote on his website. "His mission for Tesla (to accelerate the globe's adoption of sustainable energy) is both grand and long-term, making it difficult to accommodate investors quarterly expectations."It would cost about billion to take Tesla private at 0 per share. Before Musk's tweet, Tesla had a market value of billion, already higher than that of General Motors or Ford, even though those companies are significantly larger and more profitable.In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. Musk has vowed that the company will start turning a regular profit in the second half of this year.In a 2013 report, the SEC said companies can use social media outlets to announce important information, so long as they comply with regulations and "investors have been alerted about which social media will be used to disseminate such information."The SEC issued that report after Reed Hastings, the CEO of Netflix, used a Facebook post to congratulate Netflix's chief content officer on record-breaking viewership. Netflix stock moved higher as a result.Tesla said in a regulatory filing in 2013 that investors interested in keeping up with Tesla should follow Musk's account.The SEC declined comment on Musk's tweet.Musk has a history of outrageous behavior on Twitter.On April 1, amid rising market concerns about a cash crunch at Tesla, he tweeted an email announcing that Tesla would have to file for bankruptcy. The tweet was apparently an April Fool's joke.Musk also faced intense public criticism after he suggested in a tweet that one of the rescuers of the Thai soccer team trapped in a cave was a pedophile.He later deleted that tweet and apologized for that exchange, but at least one analyst suggested Musk needed to get off Twitter to restore investor confidence in the company.After Musk, the next largest shareholders in Tesla are the mutual fund giants T. Rowe Price and Fidelity, with stakes of more than 9% and 8%, respectively, according to Thomas Reuters Eikon.Scottish money manager Baillie Gifford, which recently urged Musk to focus less on tweeting and more on running the business, is the fourth-largest shareholder, with a nearly 8% stake. Chinese tech giant Tencent owns almost 5%.James Anderson, a Baillie Gifford fund manager who recently called out Musk's tweeting in an interview with Bloomberg, had no comment about Musk's tweets on Tuesday. Fidelity and T. Rowe Price also declined comment.— CNNMoney's Donna Borak contributed to this report.The-CNN-Wire 5277

ESCONDIDO, Calif. (KGTV) — A firefighter was injured Wednesday when a roof collapsed on him while battling a blaze at a North County strip mall.Crews responded to the strip mall at 945 W. Valley Parkway just before 3:20 p.m., according to Escondido Fire Department. One engine arrived to the end unit of the mall fully engulfed in flames and extending into a neighboring business, EFD said.It's not clear how the fire started. The fire appears to have originated in a shoe repair and garment cleaner business, according to Google Maps images. The business sits next door to a gun and ammo business.One firefighter was injured in the blaze when part of a roof collapsed, according to EFD. He was taken to Palomar Medical Center for treatment. EFD didn't reveal the extent of the firefighter's injuries.EFD added that one civilian had minor smoke inhalation and refused treatment at the scene. 899

ENCINITAS, Calif. (KGTV) - An Encinitas woman was caught off guard when an intruder squeezed through a doggy door at her home.Just after 8 a.m. Tuesday, Lexie Linberg was in her upstairs bedroom, located just off Coast Highway 101, when she got an alert from her Ring doorbell camera. A man was knocking at her door. Thinking it was a delivery, Linberg didn't answer. Moments later, she got another alert: someone was in her back yard."I heard the doggy door flap. My dog was next to me, so I knew I had a problem. I ran over to the balcony, dropped down, and saw feet going through my doggie door and I started screaming," said Linberg.Surveillance video shows same man at her door walk into her back yard. He took off his jacket before squeezing through her 10-inch-wide, 20-inch-tall doggy door. "Complete panic actually," said Linberg. Linberg's panic was quickly pushed aside by adrenaline. "I yelled a lot of profanities, told him to get out of my house," said Linberg.Linberg, who has taken self defense classes, then armed herself. She declined to tell us what that weapon was."Anger. I was mad. I wanted to get the person that was coming to hurt me," said Linberg.Next to her was Stella, her 6-year-old Poodle, trained as a guard dog."Racing down the stairs with my dog, absolutely going for him at this point," said Linberg.Linberg raced into a downstairs room, just in time to see the man's feet in the dog door. This time, he was on his way out. She gave chase down the street. He got away, but not before cameras caught a good look."He needs to be caught. It was obvious he knew what he was doing. He has done this before and will do it again," said Linberg.If you have any information on the case, you're asked to call the Encinitas sheriff's station at 760-966-3500. 1789

ENSENADA, Mexico (KGTV) - The family of a man injured in an ATV accident in Mexico is seeking donations to help get him to a hospital in San Diego.Chad Carrico, who works for a pest control company in Seattle, was on a cruise from Seattle to Mexico when he got off for a day in Ensenada in Baja California on October 10. He and a few friends rented ATV’s but his mother, Theresa Carrico, said he hit something and lost control.“He flew over the handles and the ATV rolled on top of him and crushed him,” said Carrico.His liver was severely damaged. He also suffered a punctured lung and had internal bleeding. He underwent surgery at Velmar Hospital and was placed on life support. He also has to undergo daily kidney dialysis.His mother said, he does not have health insurance in the United States but his employer paid the first ,000 payment.On Monday, she said the hospital told them they owe another ,000.Making matters more pressing, on Monday night they learned he was going into septic shock and may also have contracted a dangerous fungus on his nose that could spread to his brain. Treatment for the fungus, they said, was not available at the hospital.The family has set up a GoFundMe campaign to accept donations. 1243

ENCANTO, Calif. (KGTV) - A set of triplets took sibling rivalry to new heights in this year's spelling bee at O'Farrell Charter School.Seventh graders Miguel, Maya and Mia Brizuela finished 1st, 2nd and 4th in the school competition, respectively. Miguel advanced to the County-wide bee, held Thursday at Town and Country Hotel in Mission Valley."I'm very good at grammar, so it's really easy for me," says Miguel, when asked how he managed to win. But he also admits he got help from his sister, Maya."We were going back and forth, back and forth. And then, finally, Maya just decided to give up because she said that she didn't want to go to the county," he says.Maya confirmed the story that she let her brother win."Like, 1% of me wanted to win," she says. "But I have stage fright. I didn't want to go up there in the auditorium and spell words in front of a lot of people," she says.But it's Mia, who finished 4th at the school, who believes she's the best speller of the three."I felt like I needed to raise myself to their level of spelling," she says of her finish in the competition. "And I like to correct their grammar a lot."The three say they practice by holding mini-spelling bees at home, where their parents give them words to spell. They also study for 1-2 hours each night before bed.Now that Miguel had advanced to the County-wide competition, his sisters say they'll be there to cheer for him."He's my brother, I love him," says Maya. "No matter what, we love each other." 1501

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