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Tesla board to ramp up going-private talks: report

The Tesla Inc. (tsla) board of directors plans to meet with advisers next week to make formal the process of exploring Chief Executive Elon Musk's proposal to take the company private, according to a CNBC report that cited people familiar with the matter. The board is likely to ask Musk to recuse himself, and the board told him that he'd need his own set of advisers, the report said. Musk earlier this week stunned markets by tweeting and later on expanding on an email to employees that he was considering taking Tesla private at $420 a share.

First found on: www.marketwatch.com And then on: 2 other references