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Thursday, 30 August 2018

Elon Musk explains why he's no longer considering taking Tesla private

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Elon Musk has finally come to his senses.

The Tesla CEO and erratic tweeter has shared a new blog post explaining his decision to keep the electric car company public instead of taking it private as he had previously suggested on Twitter.

Though Musk initially believed taking Tesla private would allow the company to have better long-term sustainability, allowing it to focus on making great electric vehicles instead of answering to Wall Street every quarter for missing production schedules, he's now changed his mind.

Musk shared his three main reasons for keeping Tesla a publicly traded company: Read more...

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