Tesla, Elon Musk and board
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Elon Musk reportedly faced pressure from Tesla's board before he announced that his time as DOGE chief was coming to an end
Investors are reportedly calling on Tesla CEO Elon Musk to refocus his effort on turning around the troubled electric-car brand. Tesla investors are reportedly lobbying the brand’s Chief Executive Officer,
Australian CEOs regularly clock 60 to 80 hour weeks even though employment contracts are silent on how long they should work. As one former boss of a major ASX company tells The Australian, “It’s relentless — even in a good week”.
The most recent sales come from Ira Ehrenpreis and Kimbal Musk. Ehrenpreis, who is the founder of venture capital firm DBL Partners, filed Form 144 for the sale of 477,572 Tesla shares worth around $162.1 million. The sale comes from the exercise of options.
Elon Musk criticised Donald Trump's "One Big Beautiful Bill," which aims to implement significant tax cuts and reforms, labeling it a "massive spending bill" that could worsen the budget deficit.
The chair of Tesla sold more than $230 million of company stock since Elon Musk’s endorsement of Donald Trump triggered boycotts and protests against his cars, sending its profits and stock price plunging.