Aug 14, 2018 - Energy & Environment

Tesla forms committee to evaluate Musk's proposal to go private

Tesla showroom

Photo: Joe Raedle/Getty Images

Tesla announced Tuesday the formation of an independent committee to evaluate the "advisability or feasibility" of CEO Elon Musk's proposal — which he still has not formally submitted — to take the electric automaker private.

The details: The committee will consist of three independent directors: Brad Buss, Robyn Denholm and Linda Johnson Rice. The committee has also retained the law firm Latham & Watkins LLP and will retain an independent financial advisor once a formal proposal is submitted.

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