Shares of Tesla Inc grew more than 7% on Tuesday after CEO Elon Musk said that he considers making company private at price $420 per share, Reuters reports. According to CEO, Tesla  is experiencing period of intensive growth with financial constraints.

If such deal becomes true, Tesla’s price will be about $72 billion.

Price of $420 per share is 22,8% higher than closing price on Monday. On Tuesday it grew to $371,15 per share.

Today Musk owns about 20% of the company.

CEO of company was under intensive pressure to prove investors that he can make profitable the company that loses money.

Making Tesla private will help avoiding lot of scrutiny and close attention on behalf of public markets.

Earlier it became known that Saudi Arabia’s sovereign wealth fund bought 3 to 5 percent of Tesla.