Source: New York Post
Shares of Tesla are up around 190% during the past five years, almost double that of the S&P 500, which has given its CEO, the voluble and volatile, Elon Musk a lot of room to flout convention. The board of the publicly-traded EV company technically works for its shareholders and because of that share price, it has allowed Musk to smoke pot on a podcast, thumb his nose at securities regulators, juggle multiple outside business interests, sell Tesla stock to buy Twitter, become President Trump’s “first buddy,” spend lots of time tweeting, and now — maybe —to start a new political party. I say “maybe” because Elon’s latest side hustle could be where he’s gone too far, corporate governance experts and investors tell On The Money.
