Tesla (TSLA) stock is under pressure today following allegations that CEO Elon Musk pressured board members into drug use, according to a Wall Street Journal report.
This follows a Delaware judge ruling Tesla’s board process for approving Musk’s massive pay package was “deeply flawed,” prompting concerns about his relationships with individuals of his executive board.
The troubling revelations about board oversight come as Tesla faces numerous headwinds including SAP SE (SAP) halting the use of Tesla as company cars and Piper Sandler’s decision to cut it’s price target on the stock.
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