You mentioning it this way raises a curious possibility in my mind. I *really* don't see how Tesla could go private while letting everyone keep their shares. Tesla *could*, however, voluntarily delist while remaining a public company. That would let everyone keep their shares. Unlisted public company - Wikipedia I don't think any of the exchanges will list your stock if you ask them not to list you and refuse to pay their listing fees. (They *could* but I don't think they *will*.) If Tesla was public, but traded strictly in the OTC market -- infrequent and illiquid -- I think the options market makers would probably stop trading exchange-traded options, and I think the brokerages would at least be less *likely* to offer short-selling (though they still *could* offer short-selling). I would be MUCH MUCH more comfortable with Tesla becoming an unlisted public company than "going private" and this would be MUCH easier.