Tesla board is reportedly in the dark about buyout—that’s not normal
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.