Tesla CEO Elon Musk has attracted controversy for his statements about taking the company private. The SEC sued Musk in September, expressing doubts that he had secured the funding for a go-private deal that he referenced on Twitter. Musk eventually settled with the agency.
- Tesla CEO Elon Musk has attracted controversy for his statements on August 7 about taking Tesla private.
- The announcement, which took a lot of people by surprise, started a wild few weeks of speculation and accusation, with Musk at the center.
- On August 24, Musk formally abandoned the go-private plan and said Tesla would remain a public company.
Tesla CEO Elon Musk shocked observers when he said on August 7 that he was thinking about taking the company private.
That plan came to an abrupt conclusion on August 24, when Musk and Tesla formally abandoned the idea. They had whipped up a whirlwind that got the attention of everyone, including Wall Street regulators.
Here’s what you need to know to make sense of the saga.