"Elon Musk's Power Play: Tesla's Board Faces Showdown Over Control"

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Source: Yahoo Finance
"Elon Musk's Power Play: Tesla's Board Faces Showdown Over Control"
Photo: Yahoo Finance
TL;DR Summary

Elon Musk is pressuring Tesla's board of directors for more control over the company, citing the need to lead in AI and robotics. His demands, along with concerns about his alleged drug use and his $50 billion CEO performance package, have raised questions about the board's oversight. Critics argue that the board, comprised of Musk allies, lacks independence and may not challenge his requests. The outcome of a legal dispute over Musk's compensation could influence the board's ability to check his demands, while the company's stock performance may also impact the board's response.

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