Date: 8 months ago   Category: World

Elon Musk has refused intention to redeem shares of Tesla - RIA Novosti, 8/25/2018


MOSCOW, 25 Aug — RIA Novosti. The American businessman Elon Musk heading the hi-tech companies SpaceX and Tesla has refused intentions to make the company — car maker private after the meeting with investors, RIA Novosti / Vitaly Belousov is said in his statement in the blog of the company.© to Pass into an image bank the Expert has estimated chances of the competitor of Tesla from "Kalashnikov" to find buyers "Yesterday I have met board members of Tesla and have let them know that I believe that for Tesla the best way is to remain public" — it is reported in the statement. The businessman has noted that he has come to this decision as most of her investors has supported maintaining the current status of the company. Part of them has emphasized that it has limited opportunities of insertion of money in private business. Musk has also proved the choice by the fact that process of transformation of Tesla into the private company will take a lot of time. "It is a problem as we have to be completely focused on Model 3 and an exit in profitable activity" — I have written Mask.© AFP 2018/Greg Baker At the Tesla plant in California has occurred пожарМаск has said at the beginning of August that it would like to eliminate Tesla of the public companies, having agreed with investors about redemption of her stocks at the price of 420 dollars apiece. Then he has said that he has already provided financing of the plan and has confirmed that Public Investment Fund (PIF) conducts negotiations on redemption of stocks with sovereign fund of Saudi Arabia. Representatives of fund have confirmed the fact of negotiations, without setting the price of the potential transaction. According to media reports, PIF could redeem shares of Tesla for the sum up to 82 billion dollars. In the middle of August the commission of the USA on securities and the markets (SEC) has requested from Tesla information on Musk's plans as a result of which the company can leave the exchange. The American company Tesla Motors has been founded in 2003 as the developer and the producer of electric vehicles and technologies, related. Her headquarters is in Palo Alto, the State of California. Besides electric vehicles of Tesla on own technology makes batteries and electric motors and sells to other autocompanies, in particular Toyota and Daimler.

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