X - Elon Musk In X Spaces With Cathie Wood Recommends Companies Shouldn't Go Public 'Tesla Constantly Being Sued' | Benzinga
Billionaire Elon Musk is the CEO of publicly traded Tesla Inc (NASDAQ:TSLA) and a CEO and investor in several private companies.
In a recent interview, Musk recommended that companies don't go public.
What Happened: Musk was once sued for a tweet he made stating he had secured funding to take Tesla private. Musk shared in a Spaces Thursday that he did have funding secured and it was just an example of constantly being sued.
When asked about his private companies and funding, Musk shared he would recommend companies don't go public.
The legal burden of being public could lead to being sued nonstop, Musk told Ark Invest CEO Cathie Wood during their Spaces conversation.
As a public ...