Saturday, 25 August 2018
In late-night blog, Elon Musk decides Tesla will stay private after all
In a statement posted on Tesla's corporate blog late on Friday evening, Tesla CEO Elon Musk said that he had decided to keep Tesla a public company. The announcement should end weeks of turmoil following an August 7th tweet that Musk had "funding secured" to take the company private.
In the interim, Saudi Arabia's sovreign wealth fund has been touted as the financial backing for the deal, although the exact level of the commitment meant by "funding secured" has been debated far and wide.
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In late-night blog, Elon Musk decides Tesla will stay private after all originally appeared on BGR.com on Sat, 25 Aug 2018 at 01:35:51 EDT. Please see our terms for use of feeds.
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