Elon Musk’s Twitter Role Puts Tesla Board Under New Scrutiny
By- Avnish kushwaha
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Since Elon Musk took over Twitter last month, his stewardship of the social network has been marked by turmoil, intrigue and no shortage of questions
By- Avnish kushwaha
Image Credit -Google
Robyn Denholm, Tesla’s chairwoman, testified in court last week that although she did not know the answer, she was not perturbed
By- Avnish kushwaha
Image Credit -Google
But as Mr. Musk has become consumed with Twitter, Tesla is facing a range of threats to its business and its stock price has been plunging
By- Avnish kushwaha
Image Credit -Google
“They’re violating their fiduciary responsibility if they don’t address that issue head on,” said William Klepper
By- Avnish kushwaha
Image Credit -Google
Tesla’s board has long been criticized by shareholder groups for lacking independence from Mr. Musk
By- Avnish kushwaha
Image Credit -Google
Now Tesla is facing much fiercer competition, especially in China, a huge market for the company
By- Avnish kushwaha
Image Credit -Google
Mr. Musk has sold roughly $30 billion of Tesla stock this year and last, in part to help finance his Twitter acquisition
By- Avnish kushwaha
Image Credit -Google
“I would expect that a good board would be doing everything it can to ensure that a C.E.O. was sufficiently focused on their company,” said Brianna Castro
By- Avnish kushwaha
Image Credit -Google
In 2018, Tesla paid Mr. Ehrenpreis nearly $10 million, almost all in stock options, to cover three years, for his board duties. He did not respond to requests for comment