After Musk made the false and reckless claim he had the funding to take Tesla private, the Securities and Exchange Commission tried to strengthen Tesla’s corporate governance by removing him as chairman and forcing the board to add two independent directors. — Reuters
Elon Musk has said on several occasions lately – on Twitter, from a courtroom stand, on Twitter again, then back at the same court – that he doesn’t want to be a CEO.
He said so before and after he became the chief executive of a fifth company, which appears to have been one too many, at least for Tesla shareholders to stomach. Since April 4, the day Musk disclosed that he’d taken a stake in Twitter, the car and clean-energy company that accounts for a third of his net worth has lost about US$749bil (RM3.3bil) of market value.
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