In April, Elon Musk started a profit call for Tesla from Calcon concerned investors: He said that after months of distraction in Washington, DC, he would spend more time in the company
But that was back then.
Since the call, Musk and Trump have acted sharp insults in an entrance and exit again Headlining. During the holiday weekend it culminated in Muschus from Musk, that He would start A new political party.
While the messages can be welcome Some musk fansThe markets were not so enthusiastic; The Tesla shares declined by almost 7% when the markets opened on Monday, a decline in this personal Musiness Musiness cost 68 billion US dollars.
Now the Tesla story has reached “a turning point”, says Wedbush Analyst Dan Ives, a long -standing corporate bull who was betting the board to take measures to end the “soap opera” in a new note on Tuesday morning. “Tesla drives into one of the most important phases of its growth cycle with the autonomous and roboatic future at the doorstep and cannot have musk spending more and more time for the creation of a political party that will require countless time, energy and political capital,” he wrote.
IVES said he fears that a beef with Trump will cost the company around 1 trillion dollar in autonomous vehicles alone. “We believe that the board must now take the bull on the horns,” he wrote.
Remarkably, his suggestions did not include the ban on musk from political adventures, although the CEO is already busy with Tesla and lead Spaceexwhile you are actively involved his other companionS, including X and Xai. But Ives prescribed three steps that the board could take to create “basic rules” about Musk’s ambitions.
Limit the time that Musk pretends for politics
“Some general guardrails in this front would help everyone involved, including institutional investors, retail investors, Musk itself, the board and Tesla employee around the world,” said Ives.
Set up a new board committee that is dedicated to the Musk political party
All public corporate committees have special committees that devote themselves to specific functions, e.g. Ives believes that Tesla should set up a special committee committee that only focuses on Musk and his political ambitions. “The board cannot control Musks … but you can have supervision if his political ambitions/efforts affect his role as CEO of Tesla,” wrote Ives.
Give him a larger proportion of Tesla and more voting power
Instead of reducing the influence of Musk on the company, Ives suggests developing a new incentive point package that would give the CEO a larger share of the company and up to around 25% of the voting rights representation. “This would also create a framework that potentially Musk Tesla could make to merge with XAI,” he wrote, referring to Musk’s data companies for artificial intelligence in the next 12 to 18 months. “According to Ives’ plan, the Hypothetical special committee mentioned above would also monitor the salary package and whether Musk violated its limits.
Tesla did not react Assets‘s request for comment.
To say that the directors of the automotive company have Not impressed governance experts Would be an understatement. Experts have long accused Tesla’s board to be too cozy with a musk. The directors include Musk’s brother Kimbal Musk, a restaurateur and some of Musk’s friends, such as: Airbnb Co -founder Joe Gebbia.
Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, for example, Recently interviewed Whether there was something like a turning point for this board. “Over the years, Musk’s behavior has become more outrageous,” said Elson. “The lack of reaction from the board can be asked:” Who are these people? Why are you there? ”
“There were so many now that the board has to do some moments,” said Nell Minow, an expert in corporate fighting and deputy chairman of Valueedge Advisors. “I no longer have the feeling that there is something like” Now you have to do something “.”
