Elon Musk insists he has funding to take Tesla private, but won't because investors pleaded with him not to (TSLA)

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• Elon Musk announced on Friday that he no longer wants to make Tesla a private company.
• In a blog explaining why he made the decision, Musk insisted he could fund the move, despite widespread skepticism.
• Instead, he said that investors persuaded him that Tesla is better as a public company.
• He summarized the reaction from shareholders as "please don't do this."

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Elon Musk believes that there is "more than enough" funding to make Tesla a private company, but decided not to because investors told him "please don't do this."

Musk announced his intention to keep Tesla as a publicly-traded company on Friday, ending a three-week saga that involved everybody from Goldman Sachs to the US Securities and Exchange Commission (SEC).

See the rest of the story at Business Insider

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