image source: WSJ
There are so many problems occurring while converting Telsa from the public to private.

In a statement late Friday night, CEO Elon Musk said that he and the company's board had concluded that they would not turn Tesla into a private company.

Elon Musk wrote in a statement that "I know the process of going private will be challenging, distracting and it will take more time than expected". This statement was posted by the company on Tesla's blog late night Friday.

Elon Musk said that looking at the feedback I received, it is clear that Tesla's current shareholders believe that we are better as a public company.

He said, "After considering all the factors, I met the board of directors of Tesla yesterday and told them that I believe the better way for Tesla is to remain public." So after all this Finally, Tesla CEO Elon Musk and the Board of Directors decided not to turn Tesla into a Private company".

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