Tesla's Board Set To Go From 11 To 7 — Par For The Course Or Does This STINK To You?

Tesla's Board Set To Go From 11 To 7 — Par For The Course Or Does This STINK To You?
Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.

Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice will not be standing for re-election in the upcoming annual meetings of stockholders in 2019 and 2020, the company said here in a regulatory filing.

The company said its directors reviewed the composition of the board “focusing on a phased streamlining of the size of the Board to allow it to operate more nimbly and efficiently..."
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MDarringerMDarringer - 4/21/2019 9:58:17 AM
0 Boost
They are winding the operation down.


PUGPROUDPUGPROUD - 4/21/2019 10:03:34 AM
+2 Boost
Circling the wagons!


skytopskytop - 4/21/2019 10:46:59 AM
+2 Boost
Tesla don't need no stink'n executives. They've got a new algorithm that will run everything.


mre30mre30 - 4/21/2019 11:14:28 AM
+2 Boost
Probably a smart and defensive move on the part of the 4 who left - less liability if it goes t*ts up.


MDarringerMDarringer - 4/21/2019 11:47:33 AM
0 Boost
"if"? WHEN!


wilfredwilfred - 4/21/2019 2:02:01 PM
+1 Boost
Title got me good! I thought it said Chapter 11 to 7.


TomMTomM - 4/22/2019 4:52:37 AM
+1 Boost
At this point we STILL do not have any real knowledge of how large the EV market will be/is. Large portions of EV sales have been due to high initial demand - and as it begins to tail off - Tesla sales start to waver. Be fair - as the posted prices - these are not cars for the general public - they are too expensive for that - especially in the trim that they sell in.

As newer product emerges - the older models are also subject to the need to be replaced - another cost. THe Model S is actually not that big inside (THe blot has more interior room - and is in need of another refresh at least. With what appears to be abundant new product coming within the next 3-4 years - the TEsla model of sales will have to give way to more discounts - and maybe into local dealers - or they simply will not be considered if not available locally.

The number of members of the board is NOT the issue - it is whether or not those members are controlled by the Company - more than if they control the company. I suspect in Tesla that they are just there for the show anyway.


MDarringerMDarringer - 4/22/2019 10:02:20 AM
0 Boost
Tom Hanks because you need an inflated ego to play an inflated ego.


TruthyTruthy - 4/22/2019 11:11:41 AM
+4 Boost
Leonardo DiCaprio. He can reprise his role from Wolf of Wall Street. Very similar characters.


MDarringerMDarringer - 4/22/2019 11:19:13 AM
0 Boost
And similarly too big for hit britches.


skytopskytop - 4/22/2019 10:27:52 AM
+1 Boost
Refer to the prophetic "Twilight Zone" episode:
"The Brain Center At Whipple’s"

https://en.wikipedia.org/wiki/The_Brain_Center_at_Whipple%27s


TruthyTruthy - 4/22/2019 4:16:00 PM
+3 Boost
Notice how the Muskateers disappear whenever there is a negative article about Tesla? Stock down 4 percent today BEFORE the fiancials report. Never a good sign.


SuperCarEnthusiastSuperCarEnthusiast - 4/23/2019 7:37:28 PM
+1 Boost
SEC wants Elon Musk out of Tesla so they are doing everything they can to remove him from managing Tesla. The judge told them to work it out but SEC seems to want a court litigation.


MDarringerMDarringer - 4/23/2019 7:50:49 PM
+1 Boost
Tesla would be FAR better off without Musk. Musk is the one destroying the business model.
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