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.