INSUBCONTINENT EXCLUSIVE:
By Dana HullElon Musk scrapped his plan for taking Tesla Inc
private, more than two weeks after blindsiding employees and investors with the idea via a bombshell tweet.
In a blog post published late
believe the better path is for Tesla to remain public
indicated that no such financing deal had been closed
decision and announced its intention to dissolve.
Musk had hired both Goldman Sachs Group Inc
and Morgan Stanley, the top two merger advisers in the US to advise him personally in his bid to take the company off of the public market,
according to people familiar with the arrangements
