- Elon Musk announced on Friday that he no longer wants to make Tesla a private company.
- In a blog explaining why he made the decision, Musk insisted he could fund the move, despite widespread skepticism.
- Instead, he said that investors persuaded him that Tesla is better as a public company.
- He summarized the reaction from shareholders as "please don’t do this."
Elon Musk insists he has funding to take Tesla private, but won't because investors pleaded with him not to
Shares of Tesla opened down about 1.5% Monday after falking as much as as 5% over the weekend, opening at $310 — 35% below Musk’s targeted $420 per share for going private.