The SEC’s Tesla solution mimics my own but there is work to be done

When I last wrote about Tesla, I ended this way:
It’s clear to me that Elon Musk is not focused. He’s erratic and impulsive. Those are not the traits you need in a Chairman and CEO, when you have a cash crunch staring you in the face just as competition in your space is heating up.

If he stays on in this dual role, I believe Tesla will fail and the stock will go to zero. The board needs to act quickly and find some steady hands to take Tesla forward or it will get very ugly for the company in short order.

Both Tesla bonds and stock are a sell.
The key was Musk's dual role as Chairman and CEO. Get rid of his Chairman role and provide him some proper oversight and management support and Tesla would be in a better position. The recent SEC settlement with Tesla goes a long way toward doing t...


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