Elon Musk tweeted last week that funding has been secured for a possible buy out of Tesla. A special committee was made consisting of three independent directors from Tesla’s board of directors. Now, any plans to go private will require the permission of the new committee from the Tesla board.
Elon Musk was hit with a third securities fraud lawsuit one week after he tweeted his plan to take Tesla company private. A special committee was created to examine this issue and the action that is to be taken. Elon Musk tweeted last week that funding has been secured for a possible buy out of Tesla. A special committee was made consisting of three independent directors from Tesla’s board of directors. Now, any plans to go private will require the permission of the new committee from the Tesla board. This news was informed through a press release.
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