Musk says he was heeding Ark boss Cathie Wood’s wishes when he scrapped the plan to take Tesla private

• Elon Musk says he scrapped his plans to take Tesla private after hearing from investors like Cathie Wood.
• The Ark Invest boss sent the Tesla CEO a letter signaling small investors would like Tesla to stay publicly traded.
• Musk was testifying in the trial over a 2018 tweet saying he had funding to take Tesla private.

Elon Musk told a court he scrapped his plans to take Tesla private after getting a letter from Ark Invest’s Cathie Wood and hearing that investors wouldn’t like the move.

The billionaire Tesla CEO said Tuesday he was seriously considering a buyout deal for the electric-vehicle maker for about two weeks, the BBC reported, but dropped the move after talking with key investors.