Elon Musk announces Tesla will remain a public company (TSLA)

Larry Busacca/Getty Images for The New York Times

• Tesla CEO Elon Musk announced on Friday night that he is no longer seeking to take his electric-car company private, ending weeks of speculation over the proposal Musk first announced on Twitter.
• Musk said that discussions with Tesla shareholders and financial advisors showed him there was little appetite for such a move.
• "After considering all of these factors, I met with Tesla’s Board of Directors [Thursday] and let them know that I believe the better path is for Tesla to remain public. The Board indicated that they agree," Musk wrote on Tesla's blog.

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Tesla CEO Elon Musk announced late Friday night that he is no longer seeking to take his electric-car company private.

This concludes what had been weeks of speculation and hand-wringing around the go-private proposal Musk first floated in a tweet on August 7.

See the rest of the story at Business Insider

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