> 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. Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term.
> SpaceX is a perfect example: it is far more operationally efficient, and that is largely due to the fact that it is privately held.
> SpaceX is a perfect example: it is far more operationally efficient, and that is largely due to the fact that it is privately held.
Something that I can very well understand.