February 16, 2026

Why did the board warm to the idea?

Why did the board warm to the idea?

Why did the board warm to the idea?

Why did the board warm to the idea?

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Why did the board warm to the idea?

Why did the board warm to the idea? Well, Musk took a tender offer to shareholders, meaning they could sell to him directly at a premium price. Perhaps the board was worried shareholders may take the offer if they rejected it, or maybe the $46.5bn in financing that Elon received from Morgan Stanley showed them he meant business.

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