Musk could lose his post of the Board of Directors of Tesla

23 May 2018

Not all cat carnival

Today Tesla is strongly associated with Elon Musk and Elon Masks — with "Tesla". Have long been two of these "brand" are inextricably linked with each other. One of them is impossible to imagine without the other. This creates the impression that Musk is ruled by a inside this without a doubt innovative. But soon it might come to an end: a large consulting and representation firm Institutional Shareholder Services (ISS) recommended that to remove the Mask from his post as head of the Board of Directors.

Analysts ISS has proposed to create the post of independent Chairman of the Board of Directors. The consultants considered the existing management model is ineffective: all the reins of power eventually collected in the hands of one person. According to the calculations of ISS, an independent oversight by the Board of Directors in the form of an independent Chairman will improve the efficiency of the entire company.

And to talk about the success Tesla is currently very difficult. Despite the obvious marketing advantage, the company continues to sink into debt. In early may, Tesla reported record loss. In the first quarter, it lost $710 million, more than double the outflow of capital during the first quarter of 2017.

However, even if Elon Musk will leave the post of Chairman of Board of Directors, he will still remain its chief Executive officer (CEO). Plus, the American millander has the largest stake in his hands is concentrated over 20 %.

In this case, and the Musk is seeking to reorganize Tesla. Previously left the company six executives, dissatisfied with the policy Director. Meanwhile, the "Tesla" plenty of other worries. The main one concerns the problems with the production of Tesla Model 3: it does not work on the planned rate of production. The image of an innovative company in the media overshadows a whole series deadly accidents involving Tesla.