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But when Musk announced the details of his plans back
But when Musk announced the details of his plans back in February, he changed the way he went about this.
"We have one company called Tesla and we are the first to publish a detailed proposal in its entirety as we have done before," Musk, in his book The Tesla of Tomorrow, said at the time.
Sjostrom says that while the paper contains many details that would require a formal filing, there's no rule stating that they must be publicly filed. And there are exceptions to that rule, including those where the document may have not been disclosed at the time it was published.
Tesla CEO Elon Musk speaks at the Tesla Forum on TechCrunch on December 31, 2015 in San Francisco. (Photo by Kevin Uhlmann/Getty Images)
But, he added, the Tesla plan does not require a formal filing to be formally filed. He and some other investors have also said they're now planning to "take the company public," if possible. (He did say on Twitter that that's "not happening yet" and he didn't want to reveal what's being planned next.)
That means that this is a very, very early proposal, and it's far from a complete document. But Musk is saying that it's time for investors to take his company public. That could help him get some investor's confidence out of Tesla, who has been looking to diversify and turn around their business.
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