translated from Spanish: Musk says that they convinced him that Tesla remains being public

DETROIT (AP) – Elon Musk said Friday that investors convinced him that Tesla Inc company continues to be public, so it will stay in the stock markets. In a statement, the eccentric director general said that he made the decision based on feedback from investors, who said they had internal regulations that limit how much money can devote to a private company. Musk met Thursday with the Board of Directors of the company’s electric cars and solar panels to tell them that I wanted to that it remained public and the Board agreed, according to the statement.

On 7 August, Musk wrote on Twitter that was considering the possibility of turning Tesla into a private company and which thus should not be under the pressure of delivering quarterly financial reports. He said that he had gotten financing to do so although the company said that it should be still resolved the details with the sovereign Fund of Saudi Saudi.en that Tweet Musk said Tesla would offer 420 dollars per share, 23 percent more than the closing price of August 6. Buy all the shares, the agreement totalizaría 72,000 million dollars. But Musk said then that probably only a third of shareholders accessed to the arrangement. Shares soared 11 percent the day of the tweet, but since then have fallen and on Friday were to 322,82 dollars. The strange tweet, Musk, written when he was in the car heading for the airport, prompted an investigation by U.S. financial authorities about the possibility of that Musk was trying to manipulate their stock price. Short-term investors, who tend to bet against a company, complained that Musk was trying to harm them.
In his statement, Musk said that it consulted with Goldman Sachs, Morgan Stanley and Silver Lake and considered all the options, and who also spoke with investors.
In this note: United States Detroit Elon Musk Tesla

Original source in Spanish