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24/7 Software Blog

You Need to Know Why Elon Musk Wants to Take Tesla Private

by 24/7 Software / August 9, 2018

“Tesla Motors started selling its stock to the public in 2010 — the first initial public offering of a U.S. automaker in more than a half-century. On Tuesday, Tesla CEO Elon Musk said he's considering a reversal — taking the electric car company private,” writes Avie Schneider in their recent NPR article entitled “8 Years After Going Public, Elon Musk Wants To Take Tesla Private.”

“As he often does, the outspoken entrepreneur took to Twitter to deliver the news. ‘Am considering taking Tesla private at $420. Funding secured,’ Musk tweeted in early afternoon, according to the article.

Schneider explains, “Tesla stock was trading at about $355 a share before Musk's tweet. It jumped about 5 percent after the tweet. But later in the afternoon, trading in the stock was halted pending an official company announcement.”

“That came shortly before 3:30 p.m. when Tesla published an email that Musk sent to company employees, saying that no final decision on taking the company private had been made and that it would ultimately be left to shareholders,” states the NPR piece.

"The reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders," Schneider’s article reveals that Muck wrote.

And there it is.

The reason why Musk wants to take Tesla private.

It’s quite noble if you ask us.

But, there’s also a lesson here.

You’ve got to do right by your team and take charge to cultivate an environment that allows everyone to “operate best.”

Now, ask yourself: “Am I leading the initiative to create the environment for our team to operate best?”

Keep reading; today we’re going to share one proven methodology to help you create the environment you need that’ll benefit you, your staff and boss, and your most treasured assets – your customers.

Ready?

Spot Your Reason Why

Creating the environment for Tesla to operate best is Musk’s reason for the public to private reversal.

We feel it’s a remarkable decision, especially since it’s a bold move.

A lot of things will change for the business, especially how stakeholders are affected.

But, Muck has his “Why,” and believes this is the best move for the electric car company.

Do you agree with his consideration?

Either way, we knew we had to share it with you because it resonated immediately with us, and we felt you’d probably relate too.

Creating an environment for your team and organization to operate best is an important, one you’ve got to spot before making any drastic changes.

And, one you must consider if your operation is in a rut.

Then, after you spot it, accept it and understand that it’s going to take some elbow grease to move your operation to maximum performance.

Proactive Operations can help.

This Methodology Helps You Operate Best

Proactive and Operations are two words you’ve heard before.

Proactive means controlling a situation by causing something to happen rather than responding to it after it has happened.

Operations relates to the condition of functioning. Something powerful happens when you combine the two.

A new way of thinking, understanding, and executing is created.

Proactive Operations defines what every property, in every industry, must strive to achieve.

It represents those operations that have taken or plan to take their operation to the highest level of performance.

Below are the three pillars of the Proactive Operations methodology that work to help you produce and continuously support an operation that’s always operating at its best.

  1. Strategy
  2. Infrastructure
  3. Technology

Click here to read the full resource we’ve created detailing everything you need to know about Proactive Operations.

Then, get in touch with us and let’s see how we might be able to help you achieve maximum performance using this proven methodology.

Over to You

Elon Musk’s consideration to take Tesla private eight years after going public sparked our curiosity to understand the complexity of his possible decision. Not surprisingly, Musk’s reason why was fundamental – to create an environment for Tesla to operate best.

At that moment, we knew we had to share this insight with you. It resonated with us and should inevitably provoke your need to look at your operation and whether or not you’re doing everything possible to achieve Proactive Operations.

Ready for Proactive Operations?

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