Elon Musk touted the 'importance' of Tesla being a publicly traded company just 4 years after trying to take it private with his 'funding secured' tweet | Autoblog

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Elon Musk touted the 'importance' of Tesla being a publicly traded company just 4 years after trying to take it private with his 'funding secured' tweet

Musk seems to have changed his stance since tweeting that he was considering taking Tesla private in 2018.

Part of Musk's initial $44 billion bid to buy Twitter was financed by a huge loan against his Tesla shares. In more than one instance during Tesla's AI Day event on Friday, Musk touted the benefits of Tesla being a publicly traded company, a very different stance than he has held in the past. "Tesla... being a single class of stock owned by the public is very important and should not be overlooked. I think this is essential because if the public does not like what Tesla is doing ... the public could buy shares in Tesla and vote differently," Musk said.

"This is a big deal. It's very important that I can't just do what I want. Sometimes people think that, but it's not true," he added when discussing Tesla's plans to develop itsJust over four years ago, the Tesla CEO made waves when he tweeted that he was considering taking the company private.

 

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