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A comment on Tesla Faces Criminal Probe Over Whether It Misstated Production Figures. Parent comment

Re:Tesla Faces Criminal Probe Over Whether It Misstated Prod... by dmitrygr on Friday October 26, 2018 @02:21PM (#18311617)
It is hard to pay market rates in cash when you're a startup, and nobody wants to own shares they cannot sell; allowing sales without being public gets messy quickly; and there is also a limit to the number of shareholders before you are required to go public.
[ Parent | on HN ]
Re:Tesla Faces Criminal Probe Over Whether It Misstated Prod... by noblethrasher on Friday October 26, 2018 @03:39PM (#18312174)
> and there is also a limit to the number of shareholders before you are required to go public.

You're never forced to go public, but you will be required to disclose financial data to the public if you have more than 1,999 individual shareholders and assets with a value that is greater than or equal to 10 million dollars.

[ Parent | on HN ]