Skip to content
Subscriber Only
Liam Denning

Tesla's Board Should Explain Its Explanation

Its minimalist response to Musk raises more questions than answers.

Bloomberg business news
Taking Tesla Private: Finding Holes in Musk's Proposal

A mere 20 hours after Elon Musk announced over the tweetwaves that he might take Tesla private, six members of the board weighed in:

That isn’t an excerpt; it’s the whole thing (fun fact: it would fit comfortably inside two tweets). Yet brevity is probably the best strategy at this point. Because if this statement was supposed to allay any concerns about Musk’s bombshell, it is somewhat lacking. Start with the fact that tweet-stock suspension-company announcement-official board statement is the exact opposite of the sequence you would expect for a large, publicly traded company.