Tesla is shuffling its board of directors amid ongoing negotiations with the Securities and Exchange Commission

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Tesla on Friday announced four members of its board of directors will leave their posts once their terms have ended.

Brad Buss and Linda Johnson Rice will not pursue reelection to the board at Tesla's stockholders' meeting in June. And in 2020, Steve Jurvetson's tenure will officially end. Jurvetson has been on leave following accusations of sexual misconduct at his venture-capital firm Draper, Fisher, Jurvetson in 2017.

The shuffle on the board of directors comes as CEO Elon Musk and the Securities and Exchange Commission negotiate terms governing Musk's activity on Twitter, a matter on which the chief executive and federal regulators have locked horns in recent months.Brad Buss and Linda Johnson Rice will not pursue reelection to the board at Tesla's stockholders' meeting this June. And in 2020, Steve Jurvetson's tenure will offically end.

 

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You would’ve better informed your readers in fewer words had you just republished the actual statement word for word. This move is 1. To reduce board size (a previously agreed upon goal) 2. Unanimous 3. Not a result of any disagreements between Tesla and the members stepping down

This is actually great news for Tesla.. one of the main reasons most investors may choose to move on is because they’re too controlling and only care about money which Tesla has the real estate to produce. Elon Musk is a great man and he deserves his freedom for social media 👍

He's another Stumpy 🕴❗

May I volunteer my service to $tsla?

😰

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