https://www.cnet.com/roadshow/news/tesla-board-going-private-talks-last-week/

Tuesday, Twitter and most of the rest of the internet freaked out over news that Elon Musk wanted to take Tesla private at $420 per share. Today, we received some confirmation that it wasn't a spur-of-the-moment thing.

Several members of Tesla's board issued a joint statement on the company's investor-relations site. The statement says that Elon started discussing taking the company private with the board last week. The talks covered both the reasons for doing so -- which Musk also laid out in an email to employees that was subsequently posted online -- as well as the funding. That last part is important, because Tesla's going to need a lot of it.