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Tesla board plans to tell Elon Musk to recuse himself, prepares to review take-private plan

Alex Sherman

The Tesla board is taking Elon Musk's offer to take the company private at $420-per-share seriously and may tell Musk to recuse himself, according to a source familiar with the matter. Musk has spoken with Saudi Arabia's sovereign wealth fund about funding a buyout. It still isn't clear if Tesla has committed financing for the transaction.