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Elon Musk insists he has funding to take Tesla private, but won’t because investors pleaded with him not to (TSLA)


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Elon Musk announced on Friday that he no longer wants to create Tesla a private firm. In a blog explaining why he made the choice, Musk insisted he could fund the move. He stated that investors persuaded him that Tesla is much better as a public firm. He outlined the reaction from shareholders as”please don’t do this.”

Elon Musk considers that there’s”more than enough” funds to create Tesla a private business, but chose not to because investors advised him”please don’t do this.”

Musk announced his aim to maintain Tesla as a publicly-traded firm on Friday, finish a three-week saga that involved everyone from Goldman Sachs to the US Securities and Exchange Commission (SEC). See the rest of the story at Business Insider

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