Tesla Inc. shares dropped in premarket on Monday after the electric-car maker put plans to go private permanently on ice, but one analyst said the about-face is good news in the long run.
In premarket trading, shares TSLA, -2.97% fell 4.5% to $308.26, after closing Friday at $322.82. Tossing yet another curveball at investors, Chief Executive Officer Elon Musk announced in a blog late Friday that he had concluded taking Tesla private was too complicated and distracting, and that it was “better off as a public company.”
