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
(Score: 2) by JoeMerchant on Sunday August 26 2018, @07:03PM
I was about to say: Elon is portraying the public image of a schizo waffling distracted overworked anti-leader. It's one way of getting free P.R., levels of buzz you can't buy, and buzz/P.R. rarely hurts, even if it appears bad.
🌻🌻 [google.com]