Elon Musk says Tesla to remain public

By CBC News, August 24, 2018

Tesla Inc. CEO Elon Musk said Friday that investors have convinced him that he shouldn't take the company private, so the firm will remain on the public stock markets.

The eccentric and sometimes erratic CEO said in a statement that he made the decision based on feedback from shareholders, including institutional investors, who said they have internal rules limiting how much they can sink into a private company.

Musk met with the electric car and solar panel company's board on Thursday to told them he thought the better path for the company was to remain public, and the board agreed, according to the statement.


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