https://www.cnet.com/roadshow/news/elon-musk-email-taking-tesla-private/

Tesla posted a new blog to its site, essentially a copy-and-paste of an email Musk sent to Tesla's employees regarding taking the company private again. In short, he wants to minimize distractions and shift the focus from short-term to long-term.

"[T]he reason for doing this is all about creating the environment for Tesla to operate best," the email reads. "As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla." He goes on to mention the quarterly earnings cycle and how that puts pressure on the company to focus on moves that would boost quarterly numbers while disregarding longer-term motives and outcomes.