Tesla shares slip after company decides to stay public | Inquirer Business

Tesla shares slip after company decides to stay public

/ 09:38 PM August 27, 2018

Shares of Tesla are slipping on the first day of trading after the electric vehicle maker said it won’t consider going private after all.

At the opening bell Monday, Tesla Inc. was trading at $319.96, down less than 1 percent.

Late Friday, founder Elon Musk said that after consulting with shareholders, the Palo Alto, California, company will stay public.

That followed a surprising tweet two weeks earlier when Musk said he had secured funding for a deal at $420 a share, then a 23 percent premium. /ee

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TAGS: business news, Elon Musk, Tesla

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