Tesla: Electric-Car Maker and Board

tesla: That has led to the duplication of certain areas of experience or expertise among its directors, the company said in a filing, according to CNN. Now Tesla is shaking things up to allow the board to operate more nimbly and efficiently. The electric-car maker said that it wants to streamline corporate oversight because its board has grown by four members over the past five years. Two directors have agreed not to stand for reelection at Tesla's annual meeting this year, and two more will leave in 2020 or 2021. Cautious Tesla investors have also been pleading for with the company to tighten oversight of CEO Elon Musk. The rules on CEO tweets weren't made for Elon Musk Such agreements did not result from any disagreement between Tesla and any of such directors, the company said. (news.financializer.com). As reported in the news.

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