Tesla’s board of directors has met “several times” to discuss Chief Executive Elon Musk’s proposal to take the company private, according to a statement.
Musk tweeted Tuesday that he was “considering taking Tesla private” and that he had the funding in line to do so. He then followed up with a letter to employees saying the proposal “would ultimately be an enormous opportunity for all of us.”
Members including Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice and James Murdoch signed the statement issued Wednesday.
Here’s the board’s full statement:
Last week, Elon opened a discussion with the board about taking the company private. This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to occur. The board has met several times over the last week and is taking the appropriate next steps to evaluate this.