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Tesla's stock has seen significant volatility this year, hitting an intraday low of $138.80 on April 22 and an intraday high of $271 on July 11. Tesla's share price was $244.50 at market close on ...
Tesla CEO Elon Musk told The New York Times on Thursday that he would give up his job to anyone who could do it better.
In 2004, Musk was an early investor in electric vehicle manufacturer Tesla and became its chairman and later CEO. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk, alleging he falsely announced that he had secured funding for a private takeover of Tesla, stepped down as chairman, and paid a fine.
Musk can be fired from Tesla if the company’s shareholders vote to replace him as CEO. However, he currently owns about 20% of the company, which means he gets 20% of its votes.
Tesla shareholders’ vote on Elon Musk’s record $56 billion pay deal could be his ‘last stand’ as CEO, experts warn Christiaan Hetzner June 7, 2024 at 11:00 AM