Tesla board is reportedly in the dark about buyout—that’s not normal
by Timothy B. Lee from Ars Technica - All content on (#3WJHH)
Enlarge / Musk in 2015. (credit: Scott Olson/Getty Images)
Tesla's board of directors is gearing up to consider Elon Musk's plan to take the electric carmaker private. But yesterday afternoon-more than two days after Musk's original tweet announcing the proposal-Tesla's board still hadn't been told who would pay for the deal, Reuters has reported.
The board "has not yet received specific information on who will provide the funding," a source told Reuters.
It's the latest sign of how deeply unconventional Musk's take-private plan is.
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