Lates News

Investors' concerns about Tesla CEO Musk's political involvement continue to persist, with some even suggesting that the Tesla board should restrict it. Long-time Tesla bull, Wedbush Securities analyst Ives, called on the Tesla board on the 8th to "take action to establish basic rules for Musk" and said "the soap opera must end." Specifically, Ives and his team are calling on the Tesla board to provide Musk with a new compensation plan that would increase his voting rights in Tesla to about 25% and clearly stipulate that Musk needs to dedicate a certain amount of time to Tesla operations as a condition to fulfill this compensation plan. The report also suggests that the board should establish a committee to "monitor" Musk's political activities without interfering with his duties as Tesla CEO. (First Financial)