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Tesla Forms Committee To Assess Proposal To Go Private - San Antonio Express-news

by mysanantonio.com posted 9months ago 30 views
SAN FRANCISCO (AP) — Tesla is forming a special committee to evaluate proposals to take the company private one week after CEO Elon Musk said he was considering it. The committee, made up of three independent directors, said Tuesday that it has not received any formal proposal from Musk, who on Aug. 7 tweeted that he had "funding secured" to buy Tesla shares at $420 per share. But a blog post by Musk on Monday cast doubt on whether the funding has indeed been secured, leading to a government inquiry and at least two class-action lawsuits alleging securities violations.

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