Bloomberg Law
Aug. 10, 2018, 7:21 PM UTC

Tesla Said to Seek Wide Investor Pool for Take-Private Plan

Dinesh Nair
Dinesh Nair
Bloomberg News
Ruth David
Ruth David
Bloomberg News

Tesla Inc. Chief Executive Officer Elon Musk and advisers are seeking a wide pool of investors to back a potential take-private of the automaker to avoid concentrating ownership among a few new large holders, according to people familiar with the matter.

Tesla is holding early discussions with banks about the feasibility and structures of a possible deal, the people said, asking not to be identified as the details aren’t public. They are canvassing investors including large asset managers, the people said.

The billionaire founder would prefer to amass a group of investors who could each contribute part of the funds ...

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