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Reasons not to take your company public.

• sandworm101 8y ago
  Well, misleading statements to your shareholders can still result in lawsuits. Lawsuits over this stuff regularly happen even within closely-help family companies. If you really want freedom to make up numbers the only thing to do is not have shareholders. Keep the company all within a single individual. But at that point why even bother making official projections.
• rchaud 8y ago
  You make it sound like Tesla's hypothetical private investors wouldn't have legal recourse if the CEO missed his production target by 96%.
  • joering2 8y ago
    The probably wouldn’t bother going into many years of legal battle knowing they are cutting the branch of three they sitting on. With public company all you have to do is conplain to SEC in hopes to i.e. remove CEO from his duties and get going with someone else in charge. Clearly there is huge advantage of getting access to hundreds of millions of dolars in capital to spend, but that’s usually where advantages ends.
• weliketocode 8y ago
  Tesla has, by and large, benefited tremendously from the funding and support it has received as a public company.
• dantillberg 8y ago
  Reasons for an _honest_ person not to take their company public. Doesn't seem to have stopped Elon Musk.