Late Friday evening, on August 24, Elon Musk posted on Tesla's blog that they have decided to remain public.
I met with Tesla’s Board of Directors yesterday and let them know that I believe the better path is for Tesla to remain public. The Board indicated that they agree.
The blog post is short and is worth a read.
While I still beleive it would make a lot of sense for Tesla to be a private company, I wasn't very optimistic that it would happen. It would be very difficult to get all of the share holders and board members to agree on that.
I believe that Elon is a brilliant engineer, and although some disagree with me, I think his heart is in the right place with everything that he is trying to do. He needs to stop tweeting everything that comes to his mind though.