Elon Musk says it's 'impossible' to take Tesla private, plans new IPO

Billionaire Elon Musk said it’s “impossible” to take Tesla private now even though he would have liked to spend more time on innovation. 
 
“Tesla public company duties are a much bigger factor, but going private is impossible now (sigh),” Musk said in response to a tweet saying he should optimise his time in areas, such as innovation. “Engineering, design & general company operations absorb vast majority of my mind & are the fundamental limitation on doing more.”
 
Tesla shares, which were included in the S&P 500 index this week, have surged eightfold this year ahead of the addition