Elon Musk's statement at the beginning of the month, which spoke about the potential takeover of Tesla into private hands, caused a huge stir around the world. The company's stock skyrocketed, the stock market turned upside down, and Musk was in serious trouble for the move. However, the latest information showed that, despite the initiative of the father of the company, Tesla will continue to be a public company. On Tesla's official blog, Musk himself commented on this move, adding a comment that explains why he made this decision.
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According to his statement, initially it was a kind of testing of the stock market. With the information he posted on the social network Twitter, he wanted to find out how Tesla's investors would react to this fact. However, the possible transformation of the company into a private company caused a huge wave of excitement, which was criticized by more than one shareholder or analyst. According to many involved persons, this action was very reckless on Elon's part, as it involved deliberate manipulation of the stock market. We are more than used to Musk's impulsive statements and actions, but that cannot justify him in this case.
Musk also stated that he had been toying with the idea for years. He just wanted to see how the surrounding elements would react.
He discussed this step intensively with important global companies such as Silver Lake, Morgan Stanley or Goldman Sachs, who have made a big name in this direction. According to him, privatization brought more harm than good. According to the survey, the majority of the company's shareholders would remain with the company, but it would certainly be more difficult for them to operate on this front due to various investment and financial restrictions.
However, Elon does not despair
Tesla's losses and financial difficulties have been talked about practically since the start of the company. One of Musk's personal problems is related to the team, which could be even more intensified after the privatization of the company. As the company is determined to overcome the long period of silence and start toonein order to make real money, it needs to be profitable. However, with similar obstructions and complications, a lot of precious time would be lost, which Musk must use 100% in pulling Tesla forward. In koneas a result, buying a company into private ownership would be much more disruptive not only for personal life, but also for the overall operation of the company.
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Elon, on the other hand, is happy because his claim gained weight. Tesla could one day become a private company if it can find the right investor. According to him, however, the word "if" is irrelevant, as he is more than convinced of this potential move. However, the board of directors, together with him, finally decided definitively that Tesla remains a public company.
