Tesla sinks after Elon Musk says the company will stay public (TSLA)

Elon Musk Picture.JPGREUTERS/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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Post Author: martin

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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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