Tesla's mask CEO who 'retracted' the privatization of shares revealed part of the e-mail addressed to employees


By Jenny Cestnik

On August 24, 2018 of the American time, Tesla Earlon Mask CEO announced a policy to withdraw its plan to privatize its company and maintain a listing of shares as a public company. Although Mr. Mask reveals its policy on Tesla's blog rather than on Twitter that he was overheating here, apart from that, he explains to Tesla employees the reasons for this decision I will.

Elon Musk Emailed Tesla Employees His Reasons for Staying Public | Inverse
https://www.inverse.com/article/48398-elon-musk-emailed-tesla-employees-reason-public

Tesla announced on August 24, 2018 to withdraw the plan to privatize the stock. Its contents are also published on Tesla Japan's website.

Staying Public | Tesla Japan
https://www.tesla.com/blog/staying-public



As a main background of this decision on blogs, it is mentioned that many shareholders gave opinions opposed to privatization. There are cases in which investing companies continue to have Tesla shares may conflict with internal compliance that prescribes the holding rate of private equity, and even for individual investors and shareholders who entrust their hopes to the future of Tesla purely, That is why there is little benefit for stocks being unlisted.

Tesla withdraws privatization (Photo: Reuters): Nihon Keizai Shimbun
https://www.nikkei.com/article/DGXMZO34601190V20C18A8NNE000/

Tesla CEO Great Stray, Reason for Withdrawal of Private Equity | Management | Toyo Keizai Online | New Standards for Economic News
https://toyokeizai.net/articles/-/234840

Under such circumstances, Mr. Mask delivered e-mail addressed to employees separately from blog. Inverse of the science and technology media Inova has obtained its contents, and a part of it is made public. In the e-mail, Mr. Mask said, "As a result of thinking a lot, the conclusion that Tesla's best path to the near future is to remain a public company" ... ...

After giving this a lot of thought, I have come to the conclusion that the best path for the foreseeable future is for Tesla to remain a public company


"There are several very solid reasons for privatizing and it is quite different from a clear decision for Tesla, but in the end it is a public company that is in Tesla and our It is the most useful for the benefit of those who invested in the future. "

There are certainly a number of very compelling reasons to go private, so far from an obvious decision, but, on balance, being public appearance to best serve the interests of the people of Tesla and those who have invested in our future.


Regarding the announcement of Mr. Mask's "delisting" launched, various questions raised as to whether the financial resources can be secured. In addition, "Suspicion of stock price manipulation" caused the situation such as the US Securities and Exchange Commission to investigate, and Mr. Mask's judgment and behavior are also being tougher, such as "incoherent" and "straying" It was.

Mr. Masku said that the disadvantage to individual investors exists as a major factor in the background of this decision. "As a small investor living in Europe, I am relieved personally for this newsletter, thanks to Eiron, a small investor Thank you for contacting us, a small investor who is supposed to live outside the U.S. Mr. Mask gave the comment "This is what decided it for me" for tweets that "everyone is cheering, although there are a lot of things that are very small but there are lots of numbers!"


In the past several months, Mr. Mask was whispering that Tesla 's information on management is unduly imposed on Twitter, and it was whispered that it was not in the past, but information on this "listing continuation" is disclosed on Tesla's blog Mr. Mask has regained calmness by being done, and it is also said that it is regaining calmness. While being told that the production of "Model 3" finally began to go to normalization, interest is likely to gather, mainly concerned with the stakeholders, as to how the company that is still worried about cash flow will rebuild its position.

By the way, Tesla continues to develop a large-sized electric truck "Semi" which is supposed to be the model 3, and released a prototype against "JB Hunt" which is a major trucking company in the US and is a large prospect for Semi. In that case, the inside of the driver's seat is also open to the public for the first time.

Tesla Semi prototype shows up at potentially critical customer; trucking giant JB Hunt | Electrek
https://electrek.co/2018/08/24/tesla-semi-prototype-spotted-potential-customer-trucking-giant-jb-hunt/



In addition, Mr. Mask is implying the appearance of "Karaoke mode" as the update content of the firmware.

Elon Musk says Tesla will add 'car karaoke' mode in a software update - Roadshow
https://www.cnet.com/roadshow/news/elon-musk-says-tesla-will-add-car-karaoke-mode-in-a-software-update/



The beginning of the thing is tweeted by Ashley Eskueda who is doing talent activities including bloggers and tweets. "I think you are definitely a busy person, but I'd like you to tell your engineer that you have a karaoke mode where song lyrics are displayed on the screen when model 3 on board is stopped." Mr. Mask is ... ...


"I think Tesla Car Karaoke is going to appear in the version 10 update, I tweeted about playing with version 9 missile commands and asteroids games, but it was fun!"


If karaoke mode is installed, it may be that more cars will sing in this state. It is a place I would like you to incorporate a mechanism that does not get too hot about songs.

One Direction Carpool Karaoke - YouTube

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