Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed

Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/08/17/tesla-lost-nearly-8-billion-in-shareholder-value-this-week-and-its-board-should-be-ashamed/

Over the last five days, Tesla shareholders have watched the value of their stock decline by roughly 16% and seen nearly $8 billion in value erased, as the company’s celebrity chief executive, Elon Musk, has what amounts to a very public breakdown.

However, Musk is not the only person responsible for the collapse of Tesla’s stock price. As The New York Times article which precipitated the latest slide in Tesla’s value on the public markets makes clear, the company’s board is also to blame.

Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamed

Aug 17, 2018, 9:30pm UTC
https://techcrunch.com/2018/08/17/tesla-lost-nearly-8-billion-in-shareholder-value-this-week-and-its-board-should-be-ashamed/ > Over the last five days, Tesla shareholders have watched the value of their stock decline by roughly 16% and seen nearly $8 billion in value erased, as the company’s celebrity chief executive, Elon Musk, has what amounts to a very public breakdown. > However, Musk is not the only person responsible for the collapse of Tesla’s stock price. As The New York Times article which precipitated the latest slide in Tesla’s value on the public markets makes clear, the company’s board is also to blame.