Elon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: AP

Elon Musk doesn’t need to be Tesla’s CEO, says top shareholder, as sell-off worsens in wake of store-closure bombshell

  • James Anderson, head of global equities for Baillie Gifford, said Elon Musk could take on a new role as ‘chief ideologue’
  • Musk stunned staff by announcing last week that Tesla would shut most stores and shift to online-only sales, triggering a share plunge of up to 16 per cent
Topic |   Tesla

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Elon Musk, seen during a news conference on Saturday at the Kennedy Space Centre, surprised Tesla staff with his announcement last Thursday that the firm would be shutting most of its stores. Photo: AP
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Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc. Photo: Xinhua

SEC wants Elon Musk held in contempt for tweeting about Tesla

  • Stock market regulators ask judge to hold Musk in contempt for violating a settlement that required him to get Tesla approval for social media posts
  • He breached that deal with a February 19 tweet that said Tesla would make about half a million cars in 2019, the agency claims
Topic |   Tesla

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Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc. Photo: Xinhua
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