Tesla: Not clear yet whether Elon Musk’s plan to go private makes sense

Tesla isn’t ready to sign up for CEO Elon Musk’s plan to take the company private, at least not yet.

The company’s board of directors issued a statement early Tuesday saying that it had formed a special committee of three independent directors to study the proposal. And it cautioned that the board has yet to endorse the idea of taking the electric car maker private.

“The special committee has not yet received a formal proposal from Mr. Musk regarding any going private transaction nor has it reached any conclusion as to the advisability or feasibility of such a transaction,” said the statement.

Tesla’s(TSLA) stock was unchanged in premarket trading Tuesday.