Elon Musk wants more control of Tesla so activist investors can’t boot him—but not so much the board can’t fire him if he goes ‘crazy’

Elon Musk Warns That Tesla Board Could Fire Him "If I Go Crazy"

As widely expected, Tesla's latest business fundamentals are not looking good. During the company's second-quarter earnings call on Wednesday, Tesla reported a whopping 16 percent decline in automotive revenue, its biggest drop in over a decade. There are no two ways about it: Tesla is in a full-blown crisis under Musk's leadership. The mercurial CEO has massively tarnished the company's brand, leading to plummeting sales. At some level, even Mu…

Elon Musk wants more control of Tesla so activist investors can’t boot him—but not so much the board can’t fire him if he goes ‘crazy’

Tesla CEO Elon Musk held his first call with analysts since announcing last quarter he would step back from the Department of Government Efficiency, which was a precursor to his epic fallout with President Donald Trump. The electric vehicle manufacturer reported severe declines in revenue, although Musk told analysts on Wednesday he remains “optimistic” about Tesla’s ability to grow.  Tesla CEO Elon Musk just confessed that he thinks his 13% own…