The Big Q: Can Anyone on Tesla’s (NASDAQ:TSLA) Board Tame Elon Musk?
Tesla’s (NASDAQ:TSLA) board has been quiet since its deposed COB, Elon Musk went on another Twitter tirade, this time Vs the SEC, raises new Questions about who has what it takes to oversee this very unpredictable man who sits in the Corner C-Suite, sleeps on the Factory floor, head butts his cars on the production and smokes marijuana on TV.
Elon Musk must relinquish his company Chairman role under a settlement tied to his Tweeting with the Securities and Exchange Commission (SEC), which left open the possibility that the niche EV maker could/should appoint a independent directors and an independent board Chairman.
On this past Thursday, Tesla’s billionaire CEO, Elon Musk, 47 anni, lashed out against the commission, calling it “Shortsellers Enrichment Commission.”
Just as his board, which in unison vouched for its CEO’s integrity and leadership hours after the SEC sued on 27 September went and has been dark since.
“What Tesla needs is for the board to assert its independence and to really put a check on Elon to rein in the communications,” James Albertine, an analyst at Consumer Edge Research, said in a national TV interview recently.
His antics have caused billion of dollars of losses for shareholder, a collapse in market cap and analyst have downgraded Tesla’s stock to the equivalent of a Hold on 21 August to Sells recently, in part citing Mr. Musk’s inability to maintain his composure and to manage the company with decor.
The Big A: No, he has got to Go!
My published comment just after the ‘420’ Tweet was, “Tesla is no longer and investment it is now a speculation.”
Tesla has not immediately replied to requests seeking comment/s.
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