Shareholders persuade the maverick entrepreneur that electric carmaker is better off on the stock market

The electric carmaker Tesla will remain a public company after shareholders persuaded its founder and chief executive Elon Musk that he should not take it private.

Musk said in a statement on Friday night that he made the decision based on feedback from shareholders, including institutional investors, who said they had internal rules limiting how much they could sink into a private company.

Continue reading…

Read More Tesla to stay public after investors tell Elon Musk: ‘please don’t do this’

Facebook Comments