This drug loving CEO you ALL know by now is on his way out.
The Board is slowly inching away from his recent statements.
At first, they started leaking some of their differences with the CEO to some journalists, relatively minor publications.
Last night, they picked the biggest of newspapers to leak massive differences, including a complaint that he is ignoring their advice. The Board has also retained separate legal counsel.
They leaked that last night too.
It has become apparent to the Board that the CEO’s big recent statement was a complete lie.
The Feds leaked their investigation to the big newspapers on purpose the day after the CEO made this big statement.
This is basically unprecedented.
In recent days, several former high-ranking Feds have gone on TV & accused the CEO of making a fraudulent statement – also unprecedented.
The Board doesn’t have much liability insurance either, and the details & potential liability of the CEO’s recent actions are starting to sink in, and they are getting scared.
Don’t expect this CEO to be around much longer, a month or 2 at most.
If he departs on friendly terms with the Board, the cover story will be – a leave of absence for exhaustion, which will eventually become permanent.
If he refuses that, they will fire him.
They really have no other choice – it is only a matter of time.
Could Elon Musk lose control of Tesla?
Elon Musk wants to take Tesla private and remain in control of the company. He may not be able to do both.
The plans to take Tesla private are not clear, but Musk suggested in a blog post this week he’s going to need a lot of help to buy out shareholders.
If his plan succeeds, the new stakeholders will probably have a much louder voice inside Tesla than the analysts and short-sellers he despises today. They could conceivably demand changes or even his ouster.
Musk said he wants Tesla’s stock to be taken private at a premium value of $420 a share, but he also expects about two-thirds of shares now held in the publicly traded Tesla (TSLA) to maintain their current ownership. – Source