Musk Says It’s ‘Impossible’ to Make Tesla Private, Mulls New IPO

Billionaire Elon Musk said it is “impossible” to go public with Tesla Inc. now, although he would like to devote more time to innovation.

“The bonds of Tesla’s publicly traded company are a much bigger factor, but going public is impossible now (sigh),” said Musk in response to a tweet saying that he should optimize his time in areas like innovation. “The company’s engineering, design and general operations absorb the vast majority of my mind and are the fundamental limitation to doing more.”