There’s a big problem with Elon Musk’s plan to take Tesla private

Enlarge / Elon Musk. (credit: Chris Saucedo/Getty Images for SXSW)

When I asked University of Arizona legal scholar William Sjostrom about the way Elon Musk announced his plan to take Tesla private, he was scathing.

“A securities attorney would say ‘what the hell are you doing?'” Sjostrom told me on Wendesday.

When making a big, market-moving announcement, companies normally halt trading and provide the entire proposal in one well-vetted document—they don’t dribble it out in a series of tweets.

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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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