That just proves he has NO IDEA what he's talking about! For one only Accredited Investors can convert public stock into private shares! Are you an Accredited Investor? I'm not.
My proposal was based on using a structure where any existing shareholder who wished to remain as a shareholder in a private Tesla could do so, with the $420 per share buyout used only for shareholders that preferred that option.
Perhaps you can give an example where a company has been taken private and shareholders were allowed to keep their shares if they wished? I have in the past held shares in several companies that were taken private and did not have that option. As an example of this, JoAnn Stores went private some years ago. I was not given the option to keep holding shares. I had to submit mine as did everyone for the price they offered. If Musk takes TSLA private, you will be out in the cold. Your wonderful investment will be no more.