On Friday evening, as the moon hung high over the US’s East Coast, public announcements shot out of Silicon Valley. Tesla, the electrified free spirit of the automaking macrocosm, would abide public after all.
Two weeks after announcing he was looking to take the company private, CEO Elon Musk published a blog berth saying that after speaking to advisers and stockholders, he believed that abiding public would “be in the best long-term interests of Tesla.”
“Although the majority of stockholders I spoke to said they would remain with Tesla if we exited private, the sensibility, in a nutshell, was’ please don’t do this, ’” Musk wrote.( The Wall Street Journal reports Musk was particularly touched by a note he received from an older couple floored out in Tesla swag, who congratulated the CEO on the most recent protrusion in creation and wrote, “Thanks, Elon! Two happy stockholders! ”)
So objective a strange fortnight in the life of a definitely untraditional automobile firm and untraditional CEO. What began with a jokey-sounding tweet–”Am considering making Tesla private at $420. Funding self-assured, ” Musk wrote from behind the motor of his Model S, not having raced the send by advocates or his card–quickly ballooned into a serious exploration of the potential, ended with advisers from Silver Lake, Goldman Sachs and Morgan Stanley.( Musk said in a previous berth that he had discussed the idea of taking Tesla private of members from the Saudi Arabia Sovereign Wealth Fund and his council .)