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.
Canada’s Peter Polansky advances at Rogers Cup
He won all 27 of the points scored while he was on first serve. "It's something we spent these last two weeks working on. Eleventh-seeded Diego Schwartzman of Argentina and 12th-seeded Pablo Carreno Busta were also first-round winners.
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.
Comme le site américain TMZ le révèle, Matthew Perry a été hospitalisé d'urgence pour une perforation de l'intestin. Pour instant, on ignore si cette perforation intestinale a un lien quelconque avec son passif médical.
Chelsea are ready to spend £35m on the Wales worldwide and Arsenal are considering whether to cash in on the player. Aaron Ramsey is close to reaching an agreement over a new contract with Arsenal , according to reports.
On the other hand, Mira talked about being a proud stay-at-home mom and said, "I am a homemaker and I am proud of the label". She also spoke about becoming a mommy for the second time and how she and Shahid are looking forward for the same.
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.
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.
Sans aucune complication ou effets secondaires, il leur permettra de résoudre définitivement tous leurs problèmes. Annie décide de participer, en partie, grâce à précédemment mauvaises relations familiales.
Mr Corbyn had sought to defuse the row with a video message insisting he was working to drive anti-Semitism out of the party.
Montreal weightlifter attacked by another gym member
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".
SEC postpones decision on Bitcoin ETF listing
More specifically this involves the CBOE as the decision involves a proposed rule change to allow for said listing. All but one of the 100 biggest virtual currencies tracked by Coinmarketcap.com slumped over the past 24 hours.
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.