They do have a duty to look after the health of the company but in this case it’s complicated because the time to do something was years ago (say, when it was first obvious he’d been lying about FSD). Tesla is wildly over-valued as a car manufacturer or even a large tech company, and that’s all due to Musk’s ability to talk it up. If they act against him, the share price will drop significantly and stay there, because there are a lot of car makers and Tesla just isn’t a standout in 2025.
That’d be best for the company long-term but they’d have to survive the inevitable lawsuits first, not to mention the high likelihood of physical violence if Musk tweets about it. I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.
That’d be best for the company long-term but they’d have to survive the inevitable lawsuits first, not to mention the high likelihood of physical violence if Musk tweets about it. I think the board are basically sitting around praying that the horse learns to sing before they’re forced to act.