Tesla board reportedly seeking No. 2 executive to assist Elon Musk
In the wide-ranging interview, Musk acknowledged that his tweet last week about having "funding secured" to take Tesla private was not cleared by anyone else, including Tesla's board. The Securities and Exchange Commission is investigating the tweet, which bumped up Tesla's stock price, to determine whether it constitutes stock manipulation. Musk's admission that it was not vetted by board members may give ammunition to investigators, but it also points out the burden of running such a large, prominent public company, and the potential consequences of haste, pressure, and naivete from a CEO.
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