Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Elon Musk. Photo: Joshua Lott/Getty Images
Shares of Tesla fell as much as 4% in early trading on Monday, after CEO Elon Musk’s Friday announcement that he would not take the electric car company private.
Between the lines: Tesla is already under some pressure from shareholders to ramp up production of its base Model 3. And, Reuters reports, some securities lawyers think the abandonment of the plan to take the company private will make Musk's legal drama worse. As an analyst at Barclays puts it, "the cracks in credibility" may limit the potential for Tesla's stock to rise.