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Tesla Board Evaluating Ceo's Bid To Take Company Private - San Antonio Express-news

by mysanantonio.com posted 9months ago 40 views
SAN FRANCISCO (AP) — Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private. Six of nine members say in a statement Wednesday that Musk began talking with the board about the move last week. This included discussing how being a private company could better serve Tesla's long-term interests. The statement says board members met several times and also addressed funding for the move. Musk, his brother Kimbal and director Steve Jurvetson were not included in the statement.

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