Mr Musk said in his tweet on Tuesday that shareholders would be offered $420 (£326) per share, valuing the business at more than $70bn.
Tesla's shares were down less than one per cent at $376.31 USA in morning trading on Wednesday after closing up 11 per cent at $379.57 United States on Tuesday.
Tesla Inc said on Wednesday its board is evaluating chief executive Elon Musk's idea of taking the company private after he brought the matter up for discussion last week.
Tesla's stock has swung wildly in the past several years, hit by the company's production issues as well as Musk's own explosive remarks on Twitter that have turned off investors.
Some Wall Street analysts are skeptical of Musk's ability to gather the financial backing to complete such a deal.
"Who gives $30 to $50 billion to buy back the shares?" asked NordLB analyst Frank Schwope. The company already has a $2 billion investment from Saudi Arabia's sovereign fund as well as Tencent, which took a 5 percent stake in 2017.
China's Tencent Holdings Ltd, which took a 5-percent stake in Tesla previous year, could also be a possible partner.
Musk later tweeted that existing stockholders could choose whether to hold onto their shares or sell them to the new investors for $420 a share.
He said that would allow Tesla to "operate at its best, free from as much distraction and short-term thinking as possible".
Some on Wall Street shared that view.
Tesla Inc Chief Executive Officer Elon Musk'splan to take the electric auto maker private raised doubts among Wall Street analysts about the billionaire' s ability to gather enough financial backing to complete the deal.
Musk hasn't been quiet about his disdain for short sellers.
Six members of Tesla's board of directors issued a statement Wednesday, acknowledging that discussions have been ongoing since last week about going private. Rather, it was attributed to Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch. They did not include Mr Musk, his brother Kimbal Musk, and Steve Jurvetson, a venture capitalist.
Stokes "started to take the mick out of them", mimicking their actions and "high-pitched" voices, he told the court. He alleged that cricketer Hales, who is not on trial, had "definitely used his feet on three occasions" on Ali.
Real Madrid struck again in the 15th minute as Bale would score this time , taking an equally superb pass from Dani Carvajal. Real Madrid has maintained the tradition of honouring their former players in the past few years.
The Wales worldwide is yet to commit to fresh terms at Emirates Stadium despite being locked in discussions regarding a new deal. Arsenal remain determined to ensure that does not happen, with further negotiations planned.
Un petit clin d'œil à l'aventure cinématographique qu'il a partagée avec le marié, Fabien Onteniente, le réalisateur des films. On attend pas Patrick? Sa réplique était même devenue culte, tout comme sa dégaine.
It's there that she discovers that her boyfriend's family well-off and that Nick is one of Singapore's most eligible bachelors. Crazy Rich Asians stars Constance Wu in a big screen adaptation of the book by Kevin Kwan .
See what happened when Gary Neville took on Sky Sports rival Jamie Carragher in a penalty contest at the Premier League launch. Tune in to Sky Sports in the coming weeks to witness this priceless moment.
Rubish admitted that Lalonde already had "a few incidents where the staff was giving him a hard time" in regards to the noise. This isn't the first time power-lifters and Crossfit enthusiasts have been accused of being a "public nuisance".
Le cycliste a pris la fuite et est toujours activement recherché dans le quartier qui a été bouclé par les forces de l'ordre. Les faits se sont déroulés au terminus de la ligne 225 à la porte de Clignancourt dans le XVIIIe arrondissement.
In ancient Greek star lore, Perseus is the son of the god Zeus and the mortal Danae, according to Earthsky. During outburst years (such as in 2016) the rate can be between 150-200 meteors an hour.
L'EI a exécuté l'un des otages enlevés à Soueida — Syrie
Dimanche, l'OSDH et le média en ligne Soueida24 ont annoncé la décapitation d'un des otages de l'EI, un étudiant de 19 ans. De négociations ont été engagées entre les responsables de cette communauté et l'EI pour que soient libérés les otages.
NY Republican Chris Collins Arrested for Fraud
Collins' son Cameron and Stephen Zarsky, the father of Cameron Collins' fiancée, were also listed as defendants. Zarsky, too, allegedly traded on the inside knowledge and passed it along to yet more unnamed co-conspirators.