Set as Homepage - Add to Favorites

【watch Lady Chatterley's Daughter (2011)】

Source：Exquisite Information Network Editor：Entertainment Time：2025-06-27 01:31:43

Elon Musk has finally come to his senses.

The watch Lady Chatterley's Daughter (2011)Tesla CEO and erratic tweeter has shared a new blog post explaining his decision to keep the electric car company public instead of taking it private as he had previously suggested on Twitter.

SEE ALSO: Elon Musks opens up about the toll Tesla takes on him

Though Musk initially believed taking Tesla private would allow the company to have better long-term sustainability, allowing it to focus on making great electric vehicles instead of answering to Wall Street every quarter for missing production schedules, he's now changed his mind.

Musk shared his three main reasons for keeping Tesla a publicly traded company:

• Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company. Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company. There is also no proven path for most retail investors to own shares if we were private. Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was “please don’t do this.”

• I knew the process of going private would be challenging, but it’s clear that it would be even more time-consuming and distracting than initially anticipated. This is a problem because we absolutely must stay focused on ramping Model 3 and becoming profitable. We will not achieve our mission of advancing sustainable energy unless we are also financially sustainable.

• That said, my belief that there is more than enough funding to take Tesla private was reinforced during this process.

Musk's troubles first started when he tweeted out earlier this month that he was considering taking Tesla private when the stock price hit $420 (a possible weed joke, but who knows?!) and that funding was secured.

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

Of course, that wasn't true. While Musk had reportedly been in talks with Saudi Arabia to collect the funds needed to take the company private, it appears they were purely discussions, and he hadn't actually locked any investments in.

The tweet prompted the U.S. Securities and Exchange Commission to start investigating Musk for potentially misleading investors. The SEC reportedly served Tesla with subpoenas, according to Fox News.

In an interview with the New York Times, Musk opened up about being under immense stress and pressure this year, recalling how he's slept at Tesla's factories in order to help solve Model 3 bottlenecks that were preventing the company from reaching its weekly production goals.

In addition to helming Tesla, SpaceX, and The Boring Company, it appears Musk's personal life hasn't been smooth sailing either, which could have also contributed to his irresponsible tweeting.

The billionaire entrepreneur was dating musician Grimes for several months, but after his Twitter meltdown prompted her to withhold his phone, the two may have split up. Musk and Grimes unfollowed each other on Twitter and while neither has officially confirmed the breakup, it's 2018 and we're not stupid.

Musk's decision to keep Tesla public will brush much of the blowback under the rug for a little bit and buy him some much-needed time away from the spotlight, but things won't get easier. Next quarter is right around the corner and Wall Street will be back to eat him and Tesla up.

Honestly, it might be time for Musk to grow some thicker skin, especially if he's in it for the long haul. And maybe tweet less, too.

Featured Video For You
Elon Musk opens up about the toll Tesla takes on him

Topics Tesla Elon Musk

Previous：Lego free Valentine's Day Heart: How to get free Lego

Next：Cyrix: Gone But Not Forgotten

Related Articles
Related Recommendations
Categories
Latest Articles
Popular Articles
Hot Recommendations
Featured Column

Quick Links

Apple chimes in on iPhone XR sales but offers no specificsThere is a 'Doctor Who' cook book for your next timey8 things we learned on the set of George R.R. Martin's 'Nightflyers'Jim Parsons' major Instagram slip up ruined Kaley Cuoco's surprise birthdayOccipital's Structure Core is an impressive standalone 3D sensorWatch a crane drop the large clock face from the top of Purdue University's bell towerAmazon is charging sellers $1,500 to list certain brandsElon Musk's Boring Company won't build a West LA test tunnel anymoreZac Efron just shared a new photo of himself as Ted Bundy and just wowSheryl Sandberg asked Facebook staff to research George Soros: reportOccipital's Structure Core is an impressive standalone 3D sensorAnother major U.S. climate report dropped. But you may have missed it.NASA wants these private companies to help it get to the moonA message from the robot who now runs Facebook's trending topicsSocial senior dog walks 4 miles every day to catch up with all his friendsThere's now an eggplantWhat we learned from George R. R. Martin's new book 'Fire and Blood'These countries' mobile internet speeds are way faster than WiFiAmazon is charging sellers $1,500 to list certain brandsHidden rainbow hair makes a bold trend safe for any office Cy Twombly and Matthias Pintscher at the Morgan Library Antoine Volodine on Writing Post William Styron Recalls the Founding of The Paris Review Edgar Allan Poe’s “Eureka” and the Machinery of the Universe James Salter on His Early Experiences with The Paris Review An Encounter at the Airport #ReadEverywhere, Even in the Clouds The Enlightenment Is Like a Centaur—and We Must Kill It! Shona Sanzgiri’s Photos of Havana—An Embarrassment of Riches A 1922 Science Fiction Novel About Grafting Monkey Glands Souvenirs of a Life: Collages by John Ashbery & Guy Maddin The Plum Tree on West 83rd Street Watch how 6 planets orbit their star in perfect sync Listen: An Archival Interview with Robert Fagles When Our Machines Dream, They Make Psychedelic Art Rubbernecking Ishion Hutchinson on His Poem “The Difference” My Mother Called to Ask How Much to Tip on a Haircut... Staff Picks: Lorenzo Chiera, Michael Friedman, Yuknavitch Has Anyone Really Smelled a Rotten Egg?

2.8813s , 8228.1015625 kb

Copyright © 2025 Powered by 【watch Lady Chatterley's Daughter (2011)】,Exquisite Information Network  

Sitemap

Top

Quick Links