REUTERS/Aaron P. Bernstein
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- Tesla will remain publicly traded, CEO Elon Musk announced over the weekend.
- Shares slid as much as 5% ahead of Monday’s opening bell, and are set to open down about 2.7%.
- The decision will allow the company to focus on Model 3 production and profitability, Musk said.
- Follow Tesla’s stock price in real-time here.
After 16 days of uncertainty, Tesla CEO Elon Musk announced late Friday that the electric-car maker would remain public.
Shares of Tesla fell as much as 5% over the weekend, but were clawing their way back Monday morning, pointing to an opening price of roughly $ 314, down 2.6% from Friday. See the rest of the story at Business Insider
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