Tesla CEO Elon Musk Confirms That The Company Will Remain Public - watsupptoday.com
Tesla CEO Elon Musk Confirms That The Company Will Remain Public
Posted 25 Aug 2018 01:07 PM

Agencies
Tesla CEO, Elon Musk has officially announced through his blog post that the company will continue to remain public. In early August, Musk has shocked everyone, including his own shareholders, with a simple tweet, which said - "Am considering taking Tesla private at $420. Funding secured." This welcomed a lot of debate regarding the investment and the company's future, and also a federal investigation against Musk's attempt to take Tesla private. However, now, Elon Musk says that Tesla shareholders have convinced him to keep the company public
Elon Musk said that back when he made the announcement about considering taking Tesla private, it was also "important to understand whether our current investors believed this would be a good strategic move." The Tesla CEO wanted to know whether the shareholders were open to participating in a private Tesla. Having said that, after great deliberation with his investors, Musk has been given a feedback that "most of Tesla's existing shareholders believe we are better off as a public company." In fact, several of the company's institutional shareholders have told Musk that their internal compliance issues limit them on how much they can invest in a private company

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