Tesla is known for its innovative creations and the company is gearing to become the most successful organization in the manufacture of Electronic vehicles. But it turns out that the company’s CEO, Elon Musk is not interested in making the company private.
People around the globe have been asking as to why he is not innovating and moving forward with his new crazy ideas, which made him who he is today; he simply responded that he isn’t interested in going private. “Tesla public company duties are a much bigger factor, but going private is impossible now (sigh). Engineering, design, and general company operations absorb the vast majority of my mind and are the fundamental limitation on doing more.”
Tesla’s performance this year was nothing short of simply amazing. Its shares value surged by eightfold, and its gain is twice the advance of the next best performer on the gauge. The sudden rise in the company’s performance attracted several investments from millionaires and also boosted Musk’s net-worth. As we all know he became the world’s second-richest person crossing Bill Gates.
Going private has its disadvantages for Musk, if you think clearly, by remaining public he can attract more investors and the capital won’t be an issue. For those asking that it is thwarting Musk from innovating, then let me tell you this frankly. When has anything ever stopped a brilliant mind like his from Innovating? I mean, he is planning to colonize the freaking Mars. That’s something pretty innovative if you ask me.
