https://phys.org/news/2018-08-tesla-board-committee-private.html

By going private, Tesla could operate without requirements for financial reports and other pressures of a publicly traded firm. But it could also lose visibility and limit its ability to raise capital.

A statement Tuesday from Tesla's board said the special committee "has the full power and authority of the board of directors to take any and all actions on behalf of the board of directors as it deems necessary to evaluate and negotiate a potential going private transaction and alternatives to any transaction proposed by Mr. Musk."