Tesla is forming a special committee to evaluate proposals to take the company private one week after CEO Elon Musk said he was considering it.
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The committee, made up of three independent directors, said Tuesday that it has not received any formal proposal from Musk.
Musk tweeted on Aug. 7 that he had “funding secured” to buy Tesla shares at $420 per share.
That tweet may have created a sticky situation for Musk as it appears the funding may not be locked up yet. According to Musk, the tweet followed a meeting with Saudi Arabia’s Public Investment Fund.
Shares of Tesla Inc. jumped 11 percent in a day, raising the value of the company by $6 billion.
That’s led to at least two class-action lawsuits alleging securities violations.
