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But when Musk announced the details of his plans back

Nov. 17, 2017 by Katherine Berry

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.

"In order to make a profit on this new venture, we will have to be very careful about not jumping on the hype train and not being too obvious," Musk said at the Bloomberg Forum.

If Musk can prove that he's "the only person in the world who has the knowledge and the ability to do it," he might be able to get some investors talking about how to move forward with his business and the future of the car business.

If Tesla's $1.4 billion in funding is what's expected this year, it may help propel the company from a $4 billion to a $10 billion valuation. And Musk's statement about the company's future could be a key part of that.

"We are very much looking forward to a successful year," he said on CNBC Wednesday.

Read or Share this story: http://usat.ly/1Kf2Q0AIn the late 1800s, two men who had lived together for almost five years decided to share their home in an abandoned cabin on a remote island, just outside a mountain range.