Elon Musk, the self-declared Technoking of Tesla, is undeniably synonymous with the electric car company. Love him or be baffled by him, Musk is both the face of Tesla and the driving force behind its success. However, Tesla being a publicly traded company, no single individual is supposed to wield unchecked control. This brings us to a crucial question: Does Elon Musk control Tesla? The answer, as silly as it may seem, is yes. The recent Delaware court decision confirmed Musk’s dominance over the company, leading to the rejection of his $55 billion compensation package. The judge raised concerns about his influence and ordered Tesla to devise a new compensation plan.
While reports of Musk partying and engaging in drug use with Tesla board members may make investors uncomfortable, they ultimately serve as a distraction from deeper execution issues at the company. Long-time Tesla shareholder Ross Gerber points out that Musk’s reported drug use is just the tip of the iceberg; the real focus should be on addressing fundamental operational challenges. So, whether Musk is a distraction or a driving force, the future of Tesla remains a topic of intense scrutiny. 🚗🔋