TSLA Jun 2024 136.670 call

Tesla board should take on an 'independent, active' role

Even while the stock is down nearly 29% year-to-date, Tesla (TSLA) shareholders voted in approval of CEO Elon Musk's pay package. "That's a pretty remarkable statement of confidence on their part. What I said was it does not take anything away from the enormous scale of his achievements in building Tesla and not just Tesla," Fletcher School of Law and Diplomacy Lecturer and Picking Presidents Author Gautam Mukunda tells Market Domination Overtime. Based on Tesla's growth under Musk's leadership, Mukunda likens a Tesla without Elon Musk at the helm as a Ford without Henry Ford, stipulating Tesla's board should take a more hands-on approach with the company: "The board should take a much more independent and active role in the company. What I would say is that there is no such thing as a genius so brilliant that all of their ideas are good ones, or even their good ideas can't be improved by pressure from other smart, capable people. I think the board has given him sort of total freedom to do whatever he wants" For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: EV competitors like Ford, GM are 'scared' of Tesla: Investor 'Don't fire Steve Jobs': Tesla analysts react to approval of Elon Musk's pay package 'Hold on Tesla and wait,' don't buy right now: Strategist Tesla is in 'incredibly enviable' position for real-world AI Tesla is biggest market bubble in world history: Short seller Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why.