Elon Musk: Tesla will remain a public company

On Friday evening, CEO of Tesla Elon Musk said that changing course after his sudden announcement three weeks ago and will keep Tesla company, whose shares are traded publicly.

"Obviously, most of the existing shareholders of Tesla believe that we should be a public company," he wrote. "In addition, a number of institutional shareholders were told that they have internal problems of compliance with the rules and laws that limit how much they can invest in a private company. It is also unknown whether the majority of retail investors will remain with the promotions, if we become private. "

Elon Musk: Tesla will remain a public company

Musk said that Tesla met with the Board of Directors on Thursday and let them know that "believes that the best way for Tesla - remain public. The Council expressed its approval. "

What does Tesla's board of directors?

"Over the past few weeks we have started the process to the Special Committee of the Board to evaluate the proposals for Ilona Tesla", wrote the Board.

"At yesterday's session of the Council, during which Elon said that taking into account all the factors, he no longer thinks it is best to make Tesla private. After that we dissolve the Special Committee. The Board and the entire company remains focused on achieving operational success in Tesla, and we fully support Ilona, ​​as he continues to push the company forward. "

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