Statement From Independent Members Of Tesla’S Board Of Directors (Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, As Well As James Murdoch):

From Tesla:

Aug 24,2018

Statement from Independent Members of Tesla’s Board of Directors (Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, together with James Murdoch): 

PALO ALTO, Calif., Aug. 24, 2018 (GLOBE NEWSWIRE) -- Over the past times several weeks, nosotros pose inward house a procedure led past times a Special Committee of the Board to evaluate a proposal Elon was considering to accept Tesla private. Yesterday, nosotros held a Board meeting, during which Elon reported on the operate he together with his advisors arrive at got been doing inward connectedness alongside this effort. Elon communicated to the Board that afterwards having done this operate together with considered all factors, he believes the ameliorate path is to no longer pursue a transaction for taking Tesla private. After discussing this, nosotros dissolved the Special Committee. The Board together with the entire society stay focused on ensuring Tesla’s operational success, together with nosotros fully back upward Elon every bit he continues to Pb the society moving forward.