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.
Elon’s latest side hustle could be where he’s gone too far, corporate governance experts and investors say. Jack Forbes / NY Post