Tesla Inc.’s board is forging ahead with its review of a deal to take the electric-vehicle maker private -- without revealing to investors just what the proposal is or how it would be funded. Directors plan to meet with financial advisers next week and are likely to tell Chairman Elon Musk to recuse himself while they evaluate his proposal, CNBC reported Thursday, citing unidentified people familiar with private conversations. A special committee of independent directors will likely review the details, and the board has told Musk, who’s also chief executive officer, that he needs his own separate advisers, one of the people said.
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Apr 25, 2019