August 27, 2018
Elon Musk is keeping Tesla a public company. Making it a successful public company will take more work.
After less than three weeks, Musk abandoned his plan to take Tesla private. He had said he wanted to free the company from the pressure of Wall Street's obsession with short-term results.61jpgOn Friday, he said that Tesla (TSLA) shareholders large and small preferred staying public, and that going private would be more difficult than he originally believed.
Elon Musks next move: 5 big challenges facing Tesla
Here's what Musk needs to focus on now.

Just build cars
This is the most important thing on Musk's to-do list. And probably the most difficult.
In late June, Tesla finally reached its long-delayed goal of making 5,000 of its Model 3s per week. Musk essentially built a second assembly line under a huge tent to meet that target.
Now he needs to prove that it wasn't a fluke, and that Tesla can maintain and even increase that level of production.
Hundreds of thousands of Tesla fans have given the company $1,000 on the promise that they will be able to get a Model 3. Some have waited since the company started taking orders in April 2016. Their patience won't last forever.

Start making money
Tesla needs to hit production targets because it needs revenue to turn a profit.
The company badly needs cash. An estimated $1.2 billion in debt comes due by early next year, and Tesla plans a $2 billion plant in China that is critical to its expansion in the world's largest market for car sales.
Musk has denied that the company faces a cash crunch. He says increased Model 3 sales will generate enough cash to finally make Tesla profitable in the second half of this year.
"We will not achieve our mission of advancing sustainable energy unless we are also financially sustainable," said Musk in his blog post announcing the decision to remain a public company.

Deal with investigations and lawsuits
Musk revealed plans to go private in a tweet. The company was soon hit by two shareholder lawsuits, charging that his claim that he had "funding secured" was false and an attempt to manipulate the stock.
Numerous reports have said that the Securities and Exchange Commission is also looking to whether Musk violated securities law with his "funding secured" claim.
The SEC has declined to comment on those reports. Tesla has declined to comment on the suit or any investigations.
Neither the suits nor any investigations will vanish just because the company has dropped plans to go private.

Re-establish trust on Wall Street
One reason Tesla has grown so fast is that investors have been willing to give Musk the funding he needs to build the company.
But after initial excitement, the market soon showed deep investor doubts about Musk's ability to pull off a deal to take Tesla private at $420 per share.
"We still think there is work for Musk to do to rebuild that trust in the market," Gene Munster, managing partner of Loup Ventures and a leading tech analyst, wrote in a research note shortly after Musk announced the company would remain public.
The stock is down nearly 20% from its high after Musk said he had "funding secured" in his tweet August 7.
Musk says short-sellers, investors who make bets that the stock will decline, "constantly peddle fear, uncertainty & doubt about Tesla," damaging the company.
The best way to defeat short-sellers is not to go private, but to get the stock moving higher again. To do that, Musk needs to produce the cars and profits that fans are betting on.

Get some help
Musk has faced calls to bring in an experienced second-in-command to help run the company day to day. Sheryl Sandberg helped Mark Zuckerberg make Facebook (FB) into a powerhouse, and Eric Schmidt helped Google (GOOG) founders Larry Page and Sergey Brin take the company public.
Finding the right person wouldn't be easy. Numerous top executives have reportedly left the company recently rather than work under Musk's mercurial management style.
That need for help only became more apparent after Musk, in an emotional interview with The New York Times, spoke about working 120-hour weeks, rarely leaving the factory and not having time to spend with family and friends.
Even if Musk thinks he can keep working 120-hour weeks, almost no on else thinks that's a good idea.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Ahmaud Arbery Murder Investigation: What We Know, Part 4 | TMZ
June 06, 2020
PwlSwOp57cw
Kim Zolciak Bounces Around In One Piece To Show Off New Merchandise
June 05, 2020
Tv28RnB2CAQ
Justin Hartley Kisses New GF Sofia Pernas Amid Divorce | TMZ
June 05, 2020
iOdFXWYTM-M
The Cast of '13 Reasons Why' on the Series' Last Season and Pushing the Boundaries
June 05, 2020
Xi9sgMNkKXY
Cara Delevingne Opens Up About Being Pansexual, What Pride Means to Her
June 05, 2020
omjsZzfy2Vs
Hasan Minhaj, Kumail Nanjiani, Lulu Wang, Jon M. Chu, Ally Maki Join #Represent: Success Stories
May 30, 2020
wuCMpiZ5t6U
Brands Across America
June 06, 2020
KbF7F6OwXWg
Rachel Lindsay on 'Bachelor' diversity problems and Hannah Brown’s apology | Page Six Celebrity News
June 05, 2020
1bEflm9WGaI
Rachel Lindsay talks about her future biracial children | Page Six Celebrity News
June 05, 2020
AUVwoLPzdsM
Faith Stowers Revisits "All-White" Experience on "Vanderpump Rules" | E! News
June 05, 2020
vRmqNNKMPMY
Vanessa Bryant Honors Gianna on 8th Grade Graduation Day | E! News
June 05, 2020
-kAd4kc549I
Gabrielle Union & Jessica Alba Talk TikTok, ASMR & "L.A.'s Finest" | E! News
June 05, 2020
KAQgW4FnC14
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
08
Mar
ITALY: Serie A
Juventus - Inter Milan
08
Mar
ENGLAND: Premier League
Manchester United - Manchester City
08
Mar
ENGLAND: Premier League
Chelsea - Everton
08
Mar
SPAIN: La Liga
Real Betis - Real Madrid
08
Mar
ITALY: Serie A
AC Milan - Genoa
07
Mar
ENGLAND: Premier League
Burnley - Tottenham Hotspur
07
Mar
ENGLAND: Premier League
Arsenal - West Ham United
07
Mar
SPAIN: La Liga
Barcelona - Real Sociedad
07
Mar
ENGLAND: Premier League
Liverpool - Bournemouth
07
Mar
SPAIN: La Liga
Atletico Madrid - Sevilla
01
Mar
SPAIN: La Liga
Real Madrid - Barcelona
01
Mar
ENGLAND: Premier League
Everton - Manchester United
01
Mar
ENGLAND: Premier League
Tottenham Hotspur - Wolves
01
Mar
SPAIN: La Liga
Espanyol - Atletico Madrid
01
Mar
ITALY: Serie A
Cagliari - Roma
29
Feb
ENGLAND: Premier League
Watford - Liverpool
29
Feb
ITALY: Serie A
Napoli - Torino
29
Feb
ENGLAND: Premier League
Bournemouth - Chelsea
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM 5NeCb7JxaRk
Copyright © 2020 Feedimo. All Rights Reserved.