Friday, Apr 26, 2024 | Last Update : 01:50 PM IST
Tesla to remain public, board says, after meeting with Musk
Tesla will continue to focus on building products such as the Model 3 which Musk intends to ramp up and make profitable, as per ANI.
The board of Tesla said on Friday the company would remain public, following a tumultuous two weeks for the carmaker after its chief executive announced he was considering a deal to go private.
Six members of Tesla’s board of directors said in a brief statement issued on Friday that the board had held a meeting on Thursday, in which CEO Elon Musk reported on the effort to take the electric vehicle company private.
“...After having done this work and considered all factors, he believes the better path is to no longer pursue a transaction for taking Tesla private,” the board members wrote. (Reporting By Alexandria Sage; Editing by Sam Holmes)
