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Inside Elon Musk’s reversal on taking Tesla private

Inside Elon Musk’s reversal on taking Tesla private

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/26/inside-elon-musks-reversal-on-taking-tesla-private.html

When Elon Musk declared this month that he wanted to take Tesla private, his board was caught off guard. Barely three weeks later, the chief executive told the board he had changed his mind. Tesla would be staying public, after all.

The startling reversal — announced late Friday in a blog post, a day after he discussed it with directors — capped a tumultuous series of moves that drew in Wall Street's biggest investment banks, prompted an investigation by regulators and raised fresh questions about Mr. Musk's leadership.