Elon Musk’s Tesla To Remain a Public Company
After brewing up all the excitement of people regarding Tesla going private, the company announced that it will remain a public company.
CEO Elon Musk on Friday stated that after interacting with shareholders and investigating the procedure and process of taking the company private, he believes the better way for Tesla is to remain public. For the same purpose, Musk had a meeting with Tesla’s board of directors on Thursday and announced his decision.
"Elon communicated to the Board that after having done this work and considered all factors, he believes the better path is to no longer pursue a transaction for taking Tesla private," the board members wrote.
On the other hand, the special committee that was formed for the purpose of taking Tesla private has been dissolved. When Musk...