Tesla CEO Elon Musk abandons $72b take-private deal

Tesla CEO Elon Musk abandons $72b take-private deal

Elon Musk, co-founder and chief executive officer of Tesla Motors. Photo: Bloomberg

Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take the luxury electric car maker private, abandoning an idea that stunned investors and drew regulatory scrutiny.

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