Tesla Adds Two Independent Directors to Diversify Board

The transcript discusses the pressure on Tesla from investors to diversify its board, which is largely composed of insiders. Despite adding new members, concerns remain. Elon Musk's comments on the stock being overvalued led to market fluctuations. He later clarified his stance, suggesting optimism for Tesla's future. The transcript also highlights Tesla's market volatility, including incidents affecting stock prices and the company's need to meet high expectations with the Model 3 launch.

What was the main concern of investors regarding Tesla's board composition?

• The board was too diverse.

• The board was not meeting frequently enough.

• The board was mostly made up of insiders connected to Elon Musk.

• The board had too many members.

What did Elon Musk say about Tesla's stock price over the weekend?

• It was fairly priced.

• It was undervalued.

• It was lower than expected.

• It was higher than deserved based on past and present.

How did Elon Musk clarify his comments about Tesla's stock price?

• He mentioned the stock was fairly priced.

• He retracted his previous statement entirely.

• He stated the stock was undervalued.

• He said the stock was high based on past and present but low if you believe in Tesla's future.

What event caused Tesla's stock to fluctuate after Musk's comments?

• A change in board members.

• A new product launch.

• A car accident involving Autopilot.

• A lawsuit against Tesla.

What major challenge does Tesla face in the upcoming years?

• Launching the Model 3 flawlessly and showing a profit.

• Reducing the number of board members.

• Expanding into new markets.

• Increasing the diversity of its workforce.