Tesla's CEO posted a letter on the company's website Friday saying he'd decided not to pursue a privatization after speaking with investors and members of his board of directors. "I believe the better path is for Tesla to remain public," he wrote in the statement. Musk had set of shockwaves on Aug. 7 when he tweeted he'd secured funding to take Tesla private at $420 a share, valuing the company at $72 billion. He later admitted that a deal hadn't been reached. In his letter he said he'd met with advisors at Morgan Stanley, Goldman Sachs, and private equity firm Silver Lake last week and chose not to move forward with his plans.