Statement from Independent Members of Tesla’s Board of Directors (Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch):
From Tesla:
Statement from Independent Members of
Tesla’s Board of Directors (Brad Buss, Robyn Denholm, Ira Ehrenpreis,
Antonio Gracias, Linda Johnson Rice, and James Murdoch):
PALO ALTO, Calif., Aug. 24, 2018
(GLOBE NEWSWIRE) -- Over the past several weeks, we put in place a
process led by a Special Committee of the Board to evaluate a proposal
Elon was considering to take Tesla private. Yesterday, we held a Board
meeting, during which Elon reported on the work he and his advisors have
been doing in connection with this effort. Elon communicated to the
Board that after having done this work and considered all factors, he
believes the better path is to no longer pursue a transaction for taking
Tesla private. After discussing this, we dissolved the Special
Committee. The Board and the entire company remain focused on ensuring
Tesla’s operational success, and we fully support Elon as he continues
to lead the company moving forward.
