No, Musk designed an offer that forced the board to sell to uphold its fiduciary duty to shareholders. (And then famously got cold feet about it, but it was so well-designed that he couldn’t shirk it.)
The valuation crashing back to reality after going private, and therefore being measured by its intrinsic worth rather than whatever the latest trader paid for a share of it, was an inevitable but meaningless consequence.
The valuation crashing back to reality after going private, and therefore being measured by its intrinsic worth rather than whatever the latest trader paid for a share of it, was an inevitable but meaningless consequence.