Live
- Actor Ali Receives Legal Notice Over Unauthorized Construction at Vikarabad Farmhouse
- Puspa 2 -The Rule: Allu Arjun and Sreeleela Set the Stage on Fire with 'Kissik' Song
- Odisha promotes ‘Karuna silk’ at IITF
- Food Poisoning in Hyderabad: Three Fall Ill After Eating Biryani from Aroma Restaurant
- Meet held on reducing GHG emissions
- Pravati reviews paddy purchase process
- BJD rally seeks withdrawal of Waqf Bill
- ASI urged to commence Ratna Bhandar repairs
- Eastern region country’s growth engine: PM
- Hyderabad: Woman Crashes Mercedes Benz in Banjara Hills, She Appears Intoxicated
Elon Musk wants to make Tesla a private company, here's why
Highlights
Tesla CEO Elon Musk on a usual Twitter day tweeted his desire to make his billiondollar company private at USD 420 per share The reason to take the pressure off the company
California [United States]: Tesla CEO Elon Musk on a usual Twitter day tweeted his desire to make his billion-dollar company private at USD 420 per share . The reason: to take the pressure off the company.
After his tweet caused a stir, Musk wrote an email to Tesla employees explaining the rationale behind the thought.
While the decision is not final, one of the reasons to take the company private to make it operationally efficient without any distractions.
Musk goes on to write how he envisions Tesla following the model of SpaceX where the employees are also the shareholders. The deal will be finalised through a vote of shareholders.
Next Story
ADVERTISEMENT
