Liam Denning, Columnist

Elon Musk Just Showed Exactly Why Tesla Should Be Private

His tweetstorm is the latest sign this company shouldn’t be publicly traded.

August 7, 2018 at 8:21 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Liam Denning on Elon Musk's Gambit

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The manner in which Elon Musk disclosed on Tuesday afternoon that he was “considering taking Tesla private” shows why this would be the best possible outcome for all involved.

The stock jumped 4 percent on Musk’s tweet, on top of an existing rally that had taken hold 30 minutes earlier on a Financial Times report that Saudi Arabia had bought stock in the company earlier this year.