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Description: When Elon Musk declared this month that he wanted to take Tesla private, his board was caught off guard. Barely three weeks later, the chief executive told the board he had changed his mind. Tesla would be staying public, after all.

Source: NYTimes.com

Date: Aug 25, 2018

Link: https://www.nytimes.com/2018/08/25/business/elon-musk-tesla-private.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business&region=rank&module=package&version=highlights&contentPlacement=1&pgtype=sectionfront

Questions for discussion:

  • Why did Elon Musk back down from his announced intention to take Tesla private, according to the article?
  • What were the consequences of his announcement and the reversal?
  • Do you think this episode will influence investor’s attitude toward the firm and Elon Musk as head of the firm?

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