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Tesla is putting together a special team to discuss Elon Musk’s proposal to go private

Tesla is putting together a special team to discuss Elon Musk’s proposal to go private
[Photo: Flickr user Jakob Härter]

Tesla is reportedly putting together a three-person special committee to discuss the proposal to go private. This news follows a letter from CEO Elon Musk describing conversations between the company and the Saudi Public Investment Fund about a potential deal to turn the company private.

Brad Buss, Robyn Denholm, and Linda Johnson Rice will serve on the committee, according to Reuters.

Musk also mentioned that he is now working with financial and legal advisors on a formal proposal.

The Securities and Exchange Commission is investigating Musk’s tweets about taking Tesla private and having “funding secured.” His admission yesterday seems to indicate that bit about financing was overstated.

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