Last week, Elon opened a discussion with the board about taking the company private. This included discussion as to how being private could better serve Tesla's long-term interests, and also addressed the funding for this to occur. The board has met several times over the last week and is taking the appropriate next steps to evaluate this.

It was not immediately clear just what the board means when it says it will "address the funding" for the deal to occur if, as Musk said previously, it was already secured.