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Tesla's board seeking more information on Elon Musk's $72 bn financing plan

Musk announced on Twitter on Tuesday that he was considering taking Tesla private for $420 per share, in what would be the biggest deal of this kind

Reuters 

Tesla Inc's board of directors is seeking more information from CEO Elon Musk about how his plan to take the US electric car maker private for $72 billion will be financed, according to people familiar with the matter. The board's request for more details adds to the scrutiny that Musk's proposal is facing from investors and regulators. The US Securities and Exchange Commission has already contacted Tesla to ask about Musk's assertion on Twitter that funding for his proposed deal was "secured", the Wall Street Journal first reported on ...

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First Published: Fri, August 10 2018. 07:12 IST
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