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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: 1, Informative) by Anonymous Coward on Sunday August 26 2018, @07:59PM
I don't think it is proper to blame it on drugs. If you look, he has always been kind of a dick, an ego monster, if you will. The thing about it is that while he was doing good stuff the Cult of Elon and the press did the necessary fellatio on him to keep him satiated. But he needed more and more to satisfy his needs and people eventually started to call him on his crap. So the Ego monster was no longer being fed and is now turning on its former caregivers.