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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

Fashion Weeks around Europe have looked a little different this year; usually packed runway shows are socially-distanced or virtual, and some of the clothes themselves appear to have adapted for a work-from-home lifestyle.Observers have noticed a renewed focus on detailed necklines paired with relaxed pants."This year has been all about 'waist-up dressing'. Having spent a lot of time on video conference calls, the top half of our outfit has become significantly more important than our bottom half,” said Jane McFarland, fashion director at The Sunday Times.In Prada’s show, clothes featuring their logo had it placed higher up near the collar and models were wrapped in large coats around their shoulders.In a press release accompanying their show, Prada said their line showed the “contemporary human relationship with technology.” They also said their clothes “are shaped by their utility and use, always engineered to the needs of life.”"Fashion is about reacting to reality," Miuccia Prada, head designer of Prada, told the BBC at its virtual Milan fashion show. "During lockdown, I realised how important technology is and how it is impactful for us, and in some ways, an extension of ourselves." 1214

ESCONDIDO, Calif. (KGTV) -- One of San Diego's few remaining glassblowing studios is on a mission to preserve the art and keep the glassblowing tradition strong for generations to come.“I believe we have to preserve 6,000 years of history," said James Stone, owner of Stone and Glass in Escondido.When Stone opened his shop in 2001 there were 21 studios in San Diego; today there are just four left.He says running a shop is difficult and expensive, but well worth the effort.“The knowledge is hard fought for, hard fought to know how to do this. Lots of mistakes before you get it right," said Stone.This weekend Stone is offering a rare opportunity to the public, hosting maestro Roberto Beltrami of Murano, Italy. You can learn more about the workshop and demos here. 783

ESCONDIDO, Calif. (KGTV) - A car burglary led to more heartbreak for a grieving widow in Escondido after she discovered a priceless item missing. Peter and Brunie LaBozzetta were high school sweethearts and soulmates. They were married for 37 years before Peter passed away from kidney issues and a chronic heart condition in February."It was very, very hard. He was my everything," said LaBozzetta.In the depths of her grief, her future daughter-in-law gave her a gift, a silver pendant LaBozzetta filled with her husband's ashes. She hung it in her car. Peter was usually the navigator during a lifetime of drives together. "He was my co-pilot, and I wanted that to continue,' said LaBozzetta.Instead, the ride came to a halt Saturday afternoon in an apartment carport off Borden Road. She got in her car and immediately noticed the pendant was gone."Panic, scared, anger," said LaBozzetta.The flurry of emotions was sparked by a car break-in. LaBozzetta believes she locked the car, but isn't sure. Also stolen was her husband's disabled parking placard, which she was about to return to the state DMV. But it's the theft of that something priceless that's left her reeling. "I feet empty, like he should be here keeping me company," said LaBozzetta.The bottom of the pendant contains a green peridot gem. If you have any information on the case, you're urged to call Escondido Police at 760-839-4722. 1412

Everyone can relax. Diddy is still Diddy.The mogul born Sean Combs set the internet a-Twitter over the weekend when he announced on his birthday he was changing his name to "Brother Love.""I'm just not who I am before, I'm something different," he said. "So my new name is 'Love,' a.k.a. 'Brother Love.'"Given that Combs has at various points in his rap/fashion/entrepreneurial career gone by Puffy, Puff Daddy, Puff, etc. it seemed entirely feasible.But Diddy posted a video Monday on his official Instagram account saying he was just kidding and remarking, "Well, ladies and gentlemen, today I've come to the conclusion that you cannot play around with the internet.""Due to the overwhelming response from the media out there, and just due to there not wanting to be any confusion... I was only joking, okay," said the artist still known as Diddy. "I didn't change my name. It was just part of one of my alter egos. One of my alter egos is 'Love.'"To play on one of his more famous hits, "Mo money, mo names, mo problems."A brief history of Diddy's name changes: 1072

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