Thursday, March 28, 2024

Are You Eating Too Much Sugar? If You Have 1 or More of These Symptoms,

Are you eating too much sugar? Though the recommended daily amount of added sugar tops out at 25 grams (six teaspoons) for women, your...

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Tesla Abandons Elon Musk’s Plan To Delist Company

The board of the electric car maker Tesla says the company will remain public – two weeks after chief executive Elon Musk said he was considering a deal to go private.

Elon Musk

The plan was cancelled after a board meeting on Thursday, the company said.

Since Mr Musk announced his plan, Tesla’s share price had dropped by 20%.

He said he had told Tesla’s board “that I believe the better path is for Tesla to remain public. The Board indicated that they agree,”

Earlier this month Elon Musk shocked investors by announcing on Twitter that he had funding secured to take Tesla private at a value of $72bn ($57bn).

It later transpired that he had not closed a deal with Saudi Arabia’s sovereign wealth fund.

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