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Elon Musk: Tesla will remain a public company

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Less than three weeks after tweeting about plans to take his company private, Elon Musk on Friday said Tesla will stay a public company.

"Given the feedback I’ve received, it’s apparent that most of Tesla’s existing shareholders believe we are better off as a public company," Musk wrote in a blog post.

Musk's earlier tweet was met with lawsuits and an investigation by the U.S. Securities and Exchange Commission.

Read more from TechCrunch.

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