Elon Musk to personally insure Tesla board, citing 'high premiums' - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Elon Musk is personally insuring Tesla's board members due to 'disproportionately high premiums' quoted by insurance companies

Tesla said Tuesday that CEO Elon Musk is insuring company directors, citing high premiums from insurance companies. No stranger to high insurance costs, Tesla last year launched an insurance offering for owners in California.

"Instead," the company said, "Elon Musk agreed with Tesla to personally provide coverage substantially equivalent to such a policy for a one-year period, and the other members of the Board are third-party beneficiaries thereof."including new member Hiro Mizuno who joined the board on April 23

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What happens if elonmusk drives his Tesla off a cliff?

ShortingIsFun People are going to look dumbfounded in a few years and ask themselves, 'where were the signs?'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk May Bank The Biggest Payday Of His Life During Global PandemicSix weeks ago, with U.S. stock indices and Tesla shares plunging, the odds Musk would achieve the first tranche of his 12-part $55 billion compensation package looked slim. Things have changed. Awww my genius elonmusk 🥰💙 congratulations 🎊 TeslaFamily TwitterFamily Forbes Family That he probably helped cause. Something this big, globally, over something so stupid and small? It had to be well more than 10 working together.
Source: Forbes - 🏆 394. / 53 Read more »

Amazon, Tesla, Uber workers criticize companies' COVID-19 response - Business InsiderAmazon employees say they're scared to go to work, but they're not alone — here are 8 big companies facing worker criticism over their coronavirus safety response
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla drops plan to recall some workers to California plant this week: Bloomberg NewsTesla Inc has called off having at least some employees return to its Fremont, California plant this week and plans to bring them back the day after a local shelter-in-place order is scheduled to lift, Bloomberg News reported on Monday. The county called and asked, 'WTF are you doing?' get those peons back to work, we want our tesla's Dan Ives has new statement out saying delay of reopening is bullish for the stock
Source: Reuters - 🏆 2. / 97 Read more »

Tesla cancels plans to bring workers back to U.S. car plant this weekAfter asking workers back to its U.S. car plant this week, Tesla cancelled its plans and California authorities extended health orders which limit the car maker to 'minimum basic operations' there. sounds to me like TSLA is putting info out there to find out who the leakers are. Here we goooo
Source: CNBC - 🏆 12. / 72 Read more »

Tesla asks employees to resume production at Fremont car plant despite coronavirus health ordersAccording to correspondence shared with CNBC, Tesla managers asked dozens of employees to return on April 29 to resume production at the company's car plant in Fremont, California. Local health orders requiring Tesla to stick with 'minimum basic operations' only have not been relaxed yet, according to the Alameda County Sheriff's Office. Elon is the fakest philanthropist of all time Again?! Governor Hair-Gel won’t like that.
Source: CNBC - 🏆 12. / 72 Read more »

Half of US doctors now use telehealth - Business Insider - Business InsiderForty-eight percent of US physicians now report treating patients via telemedicine — a huge leap from the 18% who said the same in 2018. The answer here is simple. There is not enough opportunity for BILLING when this is done. Doctors are sharks just as ferocious as lawyers when it comes to BILLING! Not enough billing = No New Mercedes 500!
Source: BusinessInsider - 🏆 729. / 51 Read more »