Ford has no issues being a public company

One day after Tesla Opens a New Window. CEO Elon Musk raised the idea that he may take the electric car-maker private, Ford EVP Jim Farley says his company has no issues with being public. “Having complex stakeholders is great,” Farley said in response to a question about being public vs. private from Automotive Editor Gary Gastelu at Ford’s headquarters in Dearborn, Michigan. “That sense of the market, investors—so critical for a company like Ford.”

Musk Opens a New Window. , who has had a contentious relationship with Wall Street Opens a New Window. analysts, and short-sellers who bet against his stock, tweeted on Tuesday that he could take the company private at $420 per share—but Farley said a company doesn’t necessarily run better if it’s out of the public eye.

“We’ve been in existence for over 100 years—we’ve always had complicated stakeholders — and that’s what makes our company great and vibrant,” he said. Ford shares have fallen 19% this year, while General Motors is down 6%. Tesla has gained 22%, nearly half of that bump, came after Musk’s tweet on Tuesday.

Ticker Security Last Change %Chg
F FORD MOTOR COMPANY 10.07 -0.01 -0.06%
GM GENERAL MOTORS COMPANY 37.59 +0.01 +0.01%
TSLA TESLA INC. 371.10 -8.47 -2.23%

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