Tesla stays public after investors tell Musk: 'please don't do this'

Photo of Tesla stays public after investors tell Musk: 'please don't do this'
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Shareholders persuade the maverick entrepreneur that electric carmaker is better off on the stock market

The electric carmaker Tesla will remain a public company after shareholders persuaded its founder and chief executive Elon Musk that he should not take it private.

Musk said in a statement on Friday night that he made the decision based on feedback from shareholders, including institutional investors, who said they had internal rules limiting how much they could sink into a private company.

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view The Guardian: World News
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