- 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."
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.