The CEO also related that the company’s board of directors agreed with his decision when he met with them on Thursday.
In his statement Friday, Musk said that he spoke to Goldman Sachs, Silver Lake, Morgan Stanley and private investors. Afterward, he decided not to pursue buying up shares.
“Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company,” Musk wrote.
He did, however, keep going private open as a future option. Musk wrote that there was ample money available to take the company private. Still, the board wrote that it had dissolved the committee that was considering the option.
A statement from the board reads, “The board and the entire company remain focused on ensuring Tesla’s operational success, and we fully support Elon as he continues to move the company forward.”
