Tesla’s Board Backs Musk After SEC Sues, Seeks His Ouster

The SEC has accused Elon Musk of misleading investors with his 'go private' tweet, and is seeking to bar him from serving as an officer or director of a public company. Tesla's board supports Musk, but Bloomberg's Alex Webb suggests Musk may need to relinquish one of his roles at Tesla due to oversight failures. The board's close ties to Musk raise concerns about cronyism and lack of independent oversight.

What was the SEC's accusation against Elon Musk regarding his tweet?

How did Musk respond to the SEC's actions?

What implications could the SEC's actions have on Musk's role at Tesla?

What does the discussion suggest about the future of Tesla without Elon Musk?

What concerns were raised about the oversight at Tesla's board?