Musk Hits Send Too Soon on Tesla Production Forecast

Elon Musk had to correct a tweet about Tesla's 2019 production, initially claiming 500,000 vehicles, later clarifying it as an annualized rate with actual deliveries around 400,000. The SEC's control over Musk's tweets is questioned, highlighting potential failures in Tesla's processes. Concerns arise about Musk's management style affecting Tesla's operations, with executive departures noted. Despite appointing independent directors to oversee Musk, their effectiveness is limited due to their close ties with him.

What was the initial claim made by Elon Musk about Tesla's production in 2019?

• Production would reach half a million vehicles.

• Production would be 300,000 vehicles.

• Production would be 400,000 vehicles.

• Production would be 600,000 vehicles.

What was the actual expected number of Tesla deliveries for 2019 after Musk's clarification?

• 600,000 vehicles

• 500,000 vehicles

• 300,000 vehicles

• 400,000 vehicles

What was the SEC's requirement for Tesla regarding Musk's tweets?

• To allow Musk to tweet freely.

• To stop Musk from tweeting entirely.

• To limit Musk's tweets to once a week.

• To have Musk's tweets vetted before posting.

What was one of the measures taken by Tesla to manage Musk's influence?

• Hiring a new CEO.

• Increasing Musk's salary.

• Reducing Tesla's production targets.

• Appointing two independent directors.

What is a concern regarding the independent directors appointed to oversee Musk?

• They have no prior board experience.

• They are not experienced in the automotive industry.

• They are very close to Elon Musk.

• They are not based in the United States.