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
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?'
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