Elon Musk announces intent to take Tesla private, but says no final decision has been made

• Elon Musk announced his intent to take Tesla private on Tuesday in a statement on the company's website.
• No final decision has been made yet and the proposal to go private would be contingent upon a shareholder vote.
• "This proposal to go private would ultimately be finalized through a vote of our shareholders. If the process ends the way I expect it will, a private Tesla would ultimately be an enormous opportunity for all of us. Either way, the future is very bright and we'll keep fighting to achieve our mission," Musk said in the statement.
• Musk also said on Tuesday via Twitter that he will create a "special purpose fund" if the company goes private so current Tesla shareholders can keep their investments in the company.

Tesla CEO Elon Musk announced he wants to take Tesla private on Tuesday in a statement.

Musk said via Twitter after Tesla posted the statement that he has investor support, but that the decision is not final because it is contingent on a shareholder vote.

The statement below:

This is a developing story. Check back for updates.

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