# Elon Musk seems to be having no plans of taking Tesla private anymore

URL: https://technosports.co.in/tesla-not-going-private/  
Published: 2022-10-01  
Updated: 2022-10-01  
Author: Nivedita Bangari

Musk took a significantly different tone from what he had previously held when he praised the advantages of Tesla being a publicly traded company during Tesla’s AI Day presentation on Friday.

“Tesla… being a single class of stock owned by the public is very important and should not be overlooked. I think this is essential because if the public does not like what Tesla is doing … the public could buy shares in Tesla and vote differently,” Musk said.

“This is a big deal. It’s very important that I can’t just do what I want. Sometimes people think that, but it’s not true,” he added when discussing Tesla’s plans to develop its humanoid AI robot.

## The Tesla CEO caused a stir when he tweeted that he was thinking about taking the business private just over four years ago.

![Tesla](https://technosports.co.in/wp-content/uploads/2022/10/17898676_303.jpg)
*credit: businessinsider*

Musk settled fraud charges with the SEC for allegedly making “false and misleading claims” one month after posting that tweet. Musk resigned as Tesla’s chairman and paid a $20 million fine, but he neither confirmed nor disputed the charges.

> Am considering taking Tesla private at $420. Funding secured.
>
> — Elon Musk (@elonmusk) [August 7, 2018](https://twitter.com/elonmusk/status/1026872652290379776?ref_src=twsrc%5Etfw)

Whether Musk would pay $44 billion for Twitter is the subject of a legal dispute between him and the social media business. A sizable loan secured by Musk’s Tesla shares was used to pay for his initial takeover offer. Tesla’s stock has fallen more than 30% this year, which might put him in a more precarious financial situation if his deal to purchase Twitter is upheld as binding.

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[Source](https://www.businessinsider.in/tech/news/elon-musk-touted-the-importance-of-tesla-being-a-publicly-traded-company-just-4-years-after-trying-to-take-it-private-with-his-funding-secured-tweet/articleshow/94576264.cms)