Date: 11 months ago   Category: Hi-Tech

Mask has decided not to redeem shares of Tesla from the exchange after communication with investors


"Shareholders would support us, but the mood at them was in good spirits "Please, don't do it"", - the head of Tesla has explained.

the Head of Tesla Elon Musk declared that he has refused the idea to transfer Tesla to the status of the private company and to redeem her shares from the exchange. According to him, this decision which has caused several scandals wasn't pleasant to investors. I have communicated to shareholders and it has turned out that most of them consider that Tesla is better to remain the public company. Besides, some institutional investors were explained that they have restrictions for investments in the private companies. Also now there is no accurate way which would allow most of private investors to remain among shareholders.

In spite of the fact that most of shareholders with whom I communicated would remain with Tesla in case of leaving from the exchange, the general mood at them was in good spirits "Please, don't do it".

However, my confidence that we can receive financing, sufficient for repayment of Tesla from the exchange, has only amplified.

Elon Musk
of
the head of Tesla Also Musk has explained that process of redemption of stocks from the exchange in reality would be more difficult, than it seemed earlier, and it is better for company to focus on release of the "budgetary" Model 3 and receiving profit. According to him, the board of directors of the company has approved this decision.

Discussion of leaving of Tesla from the exchange has begun on August 7 - then Musk has written to Twitter that he has thought of redemption of stocks of the company at the price of $420 for piece (about 20% more, than they bargained at that time), and financing is already provided. Later he explained to

the words twice: it has turned out that the Sovereign fund of welfare of Saudi Arabia was ready to provide financing, and though final agreements haven't been signed, Musk had a full confidence in support of fund. By means of a tweet he wanted to tell about news to all investors instead of private communication with the largest of them at once. after that the U.S. Securities and Exchange Commission has begun with

investigation of the message of Musk as it could cause damage to investors and contain unconfirmed information. Also two shareholders of the company who played on decline in the rate of stocks of the company have filed a lawsuit against the head of Tesla and have lost "hundreds of millions dollars" on growth of a course after Musk's announcement of possible leaving from the exchange. on August 16 the The New York Times newspaper has told

that some board members are concerned about Musk's condition and a situation in Tesla, and now the company thinks of hiring of the co-director of the company which would help with business management. Musk has told the newspaper that because of very difficult year in Tesla he is very exhausted, works for 120 hours a week and practically doesn't sleep.

URL:




Today

just now

Upon purchase of the vehicle with a run it is desirable to change a number of sensors at once. There is a probability that they not fully cope with the functions. It can badly affect operation of the...

just now

Between the countries the real trade war burst. After introduction by Japan of export restrictions for a number of goods to South Korea between the countries began the real trade and political oppos...

just now

The 25-year-old Kharkov citizen Marat Devyatyarov became a winner in the pair category on the ITF M15 tournament in the city of Kashtelu-Branku (Portugal). In a decisive match the Ukrainian and Colo...

just now

The Ukrainian journalist Nonna Stefanova told in network story how in the train the Russian-speaking girl from Ukraine which did not know the native language approached her son. Users were revolted by...

just now

The singer struck admirers with a steel press of Olya Polyakova does not hesitate to show harmonious figures in all beauty. "The queen of night" even risked to act naked during rest in exotic resort...

just now

Staff of patrol force detained the drunk driver who went by huge speed on the Kiev yards. Reported about it in the press service of Patrol force of Kiev. "Yesterday, about 22 hours, patrolling Acade...

just now

The SSU withdrew the car of continuous casting of preparations No. 3. on the territory Arselormittal Krivoy Rog were allowed on July 20 18 representatives of the Security Service of Ukraine, the spe...

just now

The midfielder of Bavaria Thiago Alcantara is sure that a vinger of the Madrid Real Gareth Bale would have to the Munich yard. - our doors are always open For such football players. Bale can play on...