Tesla Stock Tumbles As Take-Private Deal Fails

Tesla’s stock price dropped as much as 5% in pre-market trading after CEO Elon Musk announced that he is letting go the idea of taking Tesla private. Musk said that based on feedback he has received in recent weeks "it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company."

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The SEC might not be amused by Musk's stunt. The Board might not either.
 

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A very erratic person. Going private was impulsive blabber. But Telsa was always a sentiment stock. 

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 Volkswagen reportedly tried to invest Tesla but Musk, also reportedly,  didn't like that deal because VW would have too much influence over Tesla.
 

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I couldn't find anything about that deal with VW. I doubt that. There's too much reportedly in this news. 

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