Tesla CEO Elon Musk is expected to take the stage Tuesday for the company’s annual shareholder meeting following a volatile year that saw swings between profitability and wider-than-expected losses, production goals met and deliveries milestones missed, and a securities fraud charge, and subsequent settlement, with the SEC.
The board, like the company it governs, has also undergone changes in the past 12 months. In December, Tesla appointed two independent board members, Oracle founder, chairman and CTO Larry Ellison and Walgreens executive Kathleen Wilson-Thompson. Four months later, Tesla announced in regulator filings, that was reducing the board by more than one-third, to seven directors. Brad Buss, Linda Johnson Rice, Steve Jurvetson and Antonio Gracias will not stand for re-election once their terms end.
Like its earnings calls, Tesla shareholder meetings are rarely boring. If the past is a guide, the event will be run like an informal town hall … Read the rest