Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
HomeAll NewsMost read newsBusiness Leaders Biography
Birthday : 06/28/1971
Place of birth : Pretoria - South Africa
Biography : Elon Reeve Musk is an entrepreneur and businessperson who founded 7 companies, including: Tesla, Inc

Elon Musk says deleted his Tesla titles

10/29/2018 | 06:27pm EDT
FILE PHOTO: Tesla Motors CEO Elon Musk speaks during the National Governors Association Summer Meeting in Providence

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk took to Twitter on Monday, saying he deleted his Tesla titles last week to see what would happen, without giving further details.

"Deleted my Tesla titles last week to see what would happen. I'm now the Nothing of Tesla. Seems fine so far," Musk said on Twitter https://twitter.com/elonmusk/status/1057010155332628481.

Tesla did not immediately respond to a request for comment.

While Musk is referred to as chief executive officer in Tesla's investor relations web page, his biography page on the company website has no designation. The biography page had earlier referred to Musk as chairman, product architect and CEO.

Musk later tweeted " https://twitter.com/elonmusk/status/1057030946594029569: "Legally required officers of a corporation are president, treasurer & secretary. Guess I have to keep 1st one or it will confuse the authorities."

Musk has agreed to pay a $20 million fine and step aside as Tesla chairman for three years to settle charges with the U.S. Securities and Exchange Commission related to his Aug. 7 tweet about taking Tesla private.

However, in its initial lawsuit, the SEC had sought to bar Musk as an officer or a director of a public company.

Musk's compulsive tweeting and erratic behavior, which included smoking marijuana during a video interview, has raised concerns about his leadership, with several Wall Street analysts and some investors urging Tesla to appoint a strong second-in-command.

But the Silicon Valley billionaire shut his critics last week when Tesla reported a net profit, positive cash flow and wider-than-expected margins in the third quarter, delivering on his promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off.

(Reporting by Sonam Rai in Bengaluru; Editing by Anil D'Silva)

© Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
STEP CO.,LTD. -0.37% 1873 End-of-day quote.17.28%
TESLA, INC. 1.75% 909.68 Delayed Quote.28.91%