Date: 4 months ago   Category: Economy

Elon Musk has decided not to redeem shares of Tesla - the company will remain public


The head of car maker Tesla Elon Musk doesn't intend to redeem shares of the company any more - it will continue to be public. About it Musk has written in the official blog on the website of Tesla.

"Proceeding from comments which I had received is obvious that most of present shareholders of Tesla consider that it is better for us to remain the public company... Yesterday I have met board members of Tesla and have let them know that I as I consider, the best way for Tesla will remain public [joint stock company], - the businessman has written and has added that board members have let know that they agree.

Musk has reported that transformation of Tesla to the private company would be "more expensive on time and confusing", than he thought at first. According to the businessman, his opinion on existence of sufficient financing for full redemption of stocks during studying of a situation has also exchanged. we Will remind

, on August 7 on the Twitter Elon Musk has reported that he considers the possibility of redemption of stocks of Tesla on 420 dollars for the stock and has added that "financing is provided". Six board members have said that Musk's proposal about will be studied. the The Wall Street Journal Newspaper informed

that the check there has begun both the Federal Securities Commission and to the exchanges of the USA. Group of shareholders of Tesla have given

on the founder of the company Elon Musk to federal court of San Francisco. They claim that have suffered losses because of Musk's statements on Twitter about a possibility of transformation of Tesla into the private company.

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