Tesla remains on the stock market, said Elon Musk

Investments / Markets

Tesla remains a publicly traded company and has announced its stubborn CEO Elon Musk. The board of directors of Tesla and Musk have decided to keep the manufacturer of the electric car in the Nasdaq.

Elon Musk on Thursday reunited the management team "and informed him that the best way for Tesla was to stay at the fair." Management agreed, "he wrote on the company's blog.

The media billionaire had surprised everyone on 7 August by announcing on Twitter that he wanted to withdraw the manufacturer of luxury electric cars from the fair for a price of $ 420 the title.

But since the announcement, the stock has dropped more than 20%. Mr Musk's statements and proposals have been carefully deciphered. In particular when he said that the financing needed for an exit from the stock market was "insured".

Based on discussions with current shareholders, as well as financial expertise from the Goldman Sachs and Morgan Stanley Banks and the Silver Lake Investment Fund, "it is clear that most shareholders believe it is better for us to remain a publicly traded company," Elon said. Musk.

Even if the majority of shareholders said "they would stay with Tesla if we were to leave the stock market, the feeling was, in one word + please do not," he wrote.

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