Baillie Gifford, Tesla’s largest outside shareholder, is open to a different role for the company’s founder and CEO.
Tesla stock has been falling since Thursday, when CEO Elon Musk said the company would be closing its stores in favor of an online-only sales model.
“We wouldn’t be against him having a different role,” James Anderson, head of global equities for Ballie Gifford, told Barron’s. “I don’t think he needs to be CEO.” iframe.twitter-tweet { width: 100% !important; } The new sales strategy came only days after the SEC said it was asking a federal judge to find Tesla’s CEO in contempt of court. The SEC action followed a recent round of Musk’s tweets where he seemed to mislead investors about Tesla’s 2019 production, before correcting himself a few hours later.
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