Market Madness: Tesla is the Talk of the Town

Elon Musk's plan to take Tesla private may not be so crazy after all.
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Analysts at Needham laid out a plausible case for Elon Musk to raise the necessary funds to take Tesla Inc. (TSLA) - Get Report private. The firm estimates that Musk will *only* need $24 billion instead of the estimated $70 billion.

Tesla shares jumped during the previous session after Elon Musk tweeted that he is contemplating taking the company private at $420 per share. 

Peloton CEO John Foley talked to TheStreet's Katherine Ross about Peloton's plans for the next year and how the company has managed to be so successful in a space that is riddled with fitness fads.

He also talked about how Peloton, which is a bike worth $2,000, can be more affordable for the average adult than a gym membership. 

Thursday Aug. 8 marks Jim Cramer's next Action Alerts PLUS members call. Cramer will chatting about selling and stock education. A little birdy tells us that he'll also be talking about FAANG stocks. 

Stick with TheStreet to find out more.