Musk says he was heeding Ark boss Cathie Wood's wishes when he scrapped the plan to take Tesla private

Wed, 01/25/2023 - 09:23

Tesla CEO Elon Musk is questioned by the investors' attorney Nicholas Porritt during a securities-fraud trial at federal court in San Francisco, California, U.S., January 23, 2023 in this courtroom sketch. REUTERS/Vicki Behringer — A courtroom sketch shows Tesla CEO Elon Musk testifying this week.
Vicki Behringer/Reuters

Elon Musk says he scrapped his plans to take Tesla private after hearing from investors like Cathie Wood.
The Ark Invest boss sent the Tesla CEO a letter signaling small investors would like Tesla to stay publicly traded.
Musk was testifying in the trial over a 2018 tweet saying he had funding to take Tesla private.

Elon Musk told a court he scrapped his plans to take Tesla private after getting a letter from Ark Invest's Cathie Wood and hearing that investors wouldn't like the move.