The SEC has asked that he be held in contempt of his 2018 settlement with the agency. He could be forced out as CEO.
It's not out of the question that the government could fine Musk and Tesla or seek Musk's removal as CEO.Things had finally settled down at Tesla. Kind of, sort of. After delivering about 250,000 vehicles last year, the company was focused in working out the production kinks for its Model 3 sedan and on getting cars to China.
Then CEO Elon Musk tweeted that Tesla would make around 500,000 vehicles in 2019, 100,000 more than some versions of Tesla's guidance suggested. He later corrected himself: Tesla would achieve a production rate that could yield half a million vehicles annually — but a 400,000 number was more like it.
The Securities and Exchange commission pounced, asking a court to hold Musk in contempt of his settlement with the agency over his 2018 go-private tweet. The CEO is supposed to clear with his board and lawyers any communications that might have a material impact on Tesla's stock price.1Straubel has been with Tesla since 2004 and is widely considered to be the most important employee at the company, after Musk.
If you were to look inside Tesla for an internal succession plan — not that one has ever been outlined — you'd think of Straubel as the obvious candidate. He's been with the carmaker for over a decade and knows everything about how it operates. If for whatever reason Musk stepped down or was forced out, Straubel could easily take over.
The big question is whether he would want to. Tesla has experienced significant turnover in its history, but Straubel has been remarkably consistent, works well with Musk, and have been through many crises.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Elon Musk says Tesla won't be getting involved with cryptocurrencyElon Musk says bitcoin is interesting, but Tesla's not getting involved.
Lire la suite »
Elon Musk: 'Paper money is going away''Crypto is a far better way to transfer value,' Musk said on the 'FYI — For Your Innovation' podcast.
Lire la suite »
Elon Musk said Tesla will make 500,000 cars this year — and then immediately backtrackedElong Musk's corrected comments echoed numbers Tesla disclosed in a regulatory filing earlier this week.
Lire la suite »
Elon Musk: Bitcoin is brilliant but it’s not for TeslaNot one to shy away from controversy, Elon Musk has weighed in on one of, if not the most, divisive topics in finance today: Bitcoin.
Lire la suite »
Musk predicts the self-driving Tesla is just around the cornerElon Musk says he's certain that Tesla cars will be ready to drive themselves by the end of the year — if only regulators would allow it.
Lire la suite »
Model Maye Musk On Defying The Odds And Her Influence On Elon'If you're in an unhappy situation, get out quicker. Don't think it's going to change,' says model Maye Musk. SuccessWithMoira
Lire la suite »