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Elon Musk Says Has Funds To Take Tesla Private, Investors Asked Not To

by businessinsider.com posted 9months ago 27 views
Elon Musk announced on Friday that he no longer wants to make Tesla a private company. In a blog explaining why he made the decision, Musk insisted he could fund the move, despite widespread skepticism. Instead, he said that investors persuaded him that Tesla is better as a public company. He summarized the reaction from shareholders as "please don't do this." Elon Musk believes that there is "more than enough" funding to make Tesla a private company, but decided not to because investors told him "please don't do this."

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