The saga continues.
The stock, which fell sharply during the regular session, gained more than 2% after CNBC reported the board will meet with bankers and ask CEO Elon Musk to recuse himself from the discussions, citing unnamed sources.
- Musk Should Apologize Before Facing Class Action Suits and SEC Enforcement
- Tesla's Stock Has Now Given Back All the Gains From Musk's Take Private Tweet
Tesla shares had given back all of their gains since Musk tweeted Tuesday that he was considerting taking the company private at $420 a share.
Musk's actions are reportedly under review by the Securities and Exchange Commission as well.
Tesla faces large debt payments over the next year even as it spends heavily to boost production of its Model 3 electric vehicle.
More on Tesla's future from TheStreet here.