[Recently Elon Musk (Tesla CEO) talked about taking his company private. Read how a Zone Leader recalls a situation where a publicly traded company considered going private in an effort to avoid SOx compliance.]
In early August, Tesla CEO Elon Musk indicated he had secured the financial means to take his company from a public traded company to a private corporation. This was around the stock price had plummeted from just under $371 a share down to right above $290 a share a week earlier. Certainly, the memories of the yearly low price of $252.48 were still on his mind as well — not to mention some unfavorable press releases regarding their underlying technology.