Corporate boards are supposed to oversee CEOs and top managers. Tesla's board has repeatedly made clear that its priority, instead, is ensuring that Elon Musk remains the company's unquestioned head as its CEO and chairman. Even by that definition, directors failed at their job; as part of a settlement with the Securities and Exchange Commission over the weekend, Musk is stepping down from his chairman role. Because Tesla's board is so incompetent, there was an acute danger late last week...


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