Tesla’s board evaluating Elon Musk’s take-private plan, amid deflating investor enthusiasm

Tesla’s board of directors has met with CEO Elon Musk to discuss his surprise announcement Tuesday that he’d like to take the electric carmaker private at $420 per share, Reuters reports, citing unknown sources. In a statement to reporters, the board said it had “addressed the funding” for the deal, but offered no further details. The board will decide in the coming days whether to launch a formal review of Musk’s plan, Reuters reports. If they do, he’ll likely have to recuse himself…

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Tesla’s board evaluating Elon Musk’s take-private plan, amid deflating investor enthusiasm