Elon Musk’s dream of taking Tesla private lasted just 17 days, but that brief spell may change the carmaker for ever.
Markets were stunned by a Twitter post on August 7 in which Mr Musk said he was considering taking the company off the public markets and had funding “secured”.
The company’s share price rose as much as 10 per cent but later fell back, while questions swirled about how and whether such a deal could be achieved. The US Securities and Exchange Commission launched an investigation, according to people familiar with the matter, and Tesla’s board of directors has since retained a high-powered New York law firm to advise them on potential legal and regulatory fallout, according to two people briefed on the matter.
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