Tesla CEO & Chairman Elon Musk has conceded to large investors and decided to keep Tesla public.
“I knew the process of going private would be challenging, but it’s clear that it would be even more time-consuming and distracting than initially anticipated,” Elon wrote. “More time-consuming and distracting than initially anticipated” is unsurprising.
“I met with Tesla’s Board of Directors yesterday and let them know that I believe the better path is for Tesla to remain public,” he added.
Read more at Tesla Staying Public
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