Reuters, citing a source, reported after the tweet that Silver Lake was not discussing participating as an investor in the deal and "was offering its assistance to Musk without compensation and had not been hired as a financial adviser in an official capacity". Reports that it would cost US$70 billion to take Tesla private, Musk said, were a stretch, adding that it would actually cost less than that.
"No assurances can be given regarding the likelihood, terms and details of any proposal or potential Going Private Transaction, that any proposal made by Mr. Musk regarding a potential Going Private Transaction will be accepted by the special committee", it writes.
"I left the July 31st meeting (with the Saudi fund) with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving", Musk said. Their investigation is part of a larger probe into the information Musk provides on Twitter, including sales targets and other goals.
Musk said he is also working on figuring out what share of investors will likely roll their stake into a new private company, and by extension exactly how much capital he needs to buy remaining investors out.
Musk said in a statement posted on the Tesla website on Monday that the Saudi sovereign fund had first contacted him "at the beginning of 2017 to express (their) interest because of the important need to diversify away from oil". The agency declined to comment. According to Musk, the tweet followed a meeting with the managing director of Saudi Arabia's Public Investment Fund.
Trump's Supreme Court nominee to have confirmation hearing September 4
Following the hearings and the vote from the committee, Kavanaugh's nomination would then be considered by the full Senate. He further touted the nominee as a mainstream judge with a record of "applying the law as it is written".
The shares were last down 1.4 percent at $351.34 on Tuesday.
"This is why I referred to "funding secured" in the August 7th announcement".
The board has given the committee authority to act on its behalf, including negotiating a deal to take Tesla private.
He said he had "funding secured" for a deal, but didn't say where the money would come from.
Buss served as chief financial officer of solar panel installer SolarCity for two years before retiring in 2016. It was Tesla's last big deal and was criticized by some on Wall Street because the company, founded by two of Musk's cousins, had seen its business shrink before the takeover. Wilson Sonsini Goodrich and Rosati will be legal counsel for Tesla itself.