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CEO Elon Musk: Tesla Will Remain a Public Company

posted by takyon on Sunday August 26 2018, @03:01PM   
from the full-thrust-reverse-engine-spin dept.

MrPlow writes:

Submitted via IRC for SoyCow1984

CEO Elon Musk: Tesla will remain a public company

In a blog post published Friday evening, Tesla CEO Elon Musk said that he would change course from his sudden announcement three weeks ago and would actually keep Tesla as a publicly-traded company.

"It's apparent that most of Tesla's existing shareholders believe we are better off as a public company," he wrote. "Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company. There is also no proven path for most retail investors to own shares if we were private."

Musk noted that he had met with the Tesla board of directors on Thursday and "let them know that I believe the better path is for Tesla to remain public. The board indicated that they agree."

See also: Analysis: Why Elon Musk abandoned his plan to take Tesla private

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Original Submission

• Here's the actual fix: Caveat Emptor Here's the actual fix: Caveat Emptor (Score: 0, Disagree) by Anonymous Coward on Sunday August 26 2018, @05:18PM (2 children)

  by Anonymous Coward on Sunday August 26 2018, @05:18PM (#726605)

  Get the government out of stock market. The bankers engineered the Great Depression to buy up assets for pennies on the dollar, and the Federal Reserve's policies lengthened and deepened the economic horror show.

  Next, the elites conspired with the federal government to "protect" Main Street with a huge, intrusive regulatory bureaucracy and rules for companies that want to sell equity to anyone, and then they restricted the common folk from even participating in "private" equity with their own resources.

  The result? The rich can still hit it big, but the poor merely get the chance at beating the Federal Reserve's targeted inflation, while their "savings" dwindle in purchasing power year after year.

  You want a smart country with shrewd investors? Caveat Emptor is the only way to push society in that direction.

  Parent

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• Re:Here's the actual fix: Caveat Emptor Re:Here's the actual fix: Caveat Emptor (Score: 0) by Anonymous Coward on Sunday August 26 2018, @06:43PM (1 child)

  by Anonymous Coward on Sunday August 26 2018, @06:43PM (#726638)

  Still unable to admit that this is Just How Capitalism Works.

  Parent

  • How is contempt for property rights Capitalism? (Score: 0) by Anonymous Coward on Sunday August 26 2018, @06:59PM

    by Anonymous Coward on Sunday August 26 2018, @06:59PM (#726643)

    How is it Capitalism to tell someone that he can't use "his own" money to buy shares in a company?

    Government corrupts capitalists, not the other way around.

    Parent