Tesla’s board forms special committee to vet any proposal to go private

Cronyism (Elon Musk and his company run on cronyism) breeds cronyism and disfunction eventually. Thus is Tesla’s tale.

“So Elon you want to take Tesla private huh? Not so fast.”

(From CNET)

Tesla’s board of directors is taking new measures to evaluate Elon Musk’s as-yet unofficial proposal to take the company private. It has enlisted three members of the board to vet any proposal that gets submitted by Musk and determine whether or not it’s worth bringing to the rest of the board.

Tesla is a big electronic mess right now.

Click here for the article.