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>"Tesla CEO Elon Musk has rebuffed a shareholder attempt to overhaul the electric car maker's board and strip him of his role as chairman" Actually, the shareh

• JumpCrisscross 8y ago
  > shareholders rebuffed a shareholder attempt to strip him from chairman role Do we have a vote breakdown for independent shareholders? Musk owns 22% of Tesla [1]; a majority of shares are held by people who are his family or close personal friends. The measure could have passed with a minority of independent shareholders' support. [1] https://corpgov.law.harvard.edu/2018/04/23/elon-musk-and-the-control-of-tesla/ https://corpgov.law.harvard.edu/2018/04/23/elon-musk-and-the...
  • adventured 8y ago
    > a majority of shares are held by people who are his family or close personal friends Show me the evidence that the majority of Tesla is owned by Musk + his family and or personal friends. Institutional ownership is 61%. They hold ~$30 billion of the company. Firms like Fidelity, T Rowe Price, Baillie Gifford, Vanguard, Blackrock, Bank of Montreal, etc. all control dramatically more than Musk's family and friends. https://www.nasdaq.com/symbol/tsla/institutional-holdings https://www.nasdaq.com/symbol/tsla/institutional-holdings