Getty Some members of Tesla's board of directors are hiring lawyers to protect themselves in the ongoing fallout from CEO Elon Musk's public declarations about taking the company private. Fellow board members are also urging Musk to cool it with the public statements about a go-private deal, according to a New York Times story published Tuesday night. By all appearances, Musk has ignored that advice. In the days since he tweeted that a privatization deal was "funding secured," the chief executive has only waded further into murky legal territory, seemingly hashing out the plan in real time, on Tesla's blog and on social media. Tesla is now facing multiple lawsuits over this. Some Tesla board members are getting nervous while Elon Musk publicly ruminates about taking his electric-car company private — so much that some have hired attorneys to protect themselves from legal exposure, The New York Times reported Tuesday night. Fellow board members are also urging Musk to cool it with the social media posts about a go-private deal.
Comment on Members of Tesla's board of directors are lawyering up as crisis around Elon Musk deepens (TSLA)
blogan@businessinsider.com (Bryan Logan), Business Insider
Tue, 08/14/2018 - 8:05pm
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