BlackRock voted to replace Tesla's Musk with independent chairman

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These management changes, while not unique to Tesla, come at the worst possible for time for Elon Musk, Deagon said.

Musk has been under increased pressure from shareholders since he surprised everyone, including Tesla's board, with a Tweet saying he was thinking about taking the company public.

"Tesla is out of control", Bannon said.

Wall Street and investors were shocked by Musk's tweet that he would take Tesla private at $420 a share, sparking speculation whether the funding for doing so is really "secured" as he said in his tweet, and who would step in to raise the funding.

On President Donald Trump's plan to move USA companies to twice-annual earnings reports:"I like to read quarterly reports as an investor, and we've got a couple hundred billion dollars worth of common stocks, so I like to get those quarterly reports", Buffett said. The latest comes by way of the Wall Street Journal, which sets the scene with a cheery anecdote about the one time Musk (purportedly) head-butted a vehicle to refute that the company's assembly line needed to be stopped for safety.

Managers said automatic safety sensors halted the line whenever people got in the way.

@Latrilife, who asked to remain anonymous, told Reuters he started to scrutinize Tesla's auto production, distribution and sales after Musk refused to answer analysts' questions about profit potential and capital requirements on a conference call earlier this year.

Stein's office did not respond to a request for comment.

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Musk's tweet is now the subject of an inquiry by securities regulators.

Loss-making Tesla told investors earlier this month that it expects to show a profit in the third and fourth quarters and has reiterated that it does not plan to seek new capital from shareholders, something Wall Street analysts have questioned.

Short interest is calculated as a function of the number of shares sold short and the stock's price.

Musk has mocked short-sellers and called some of their allegations lies, while also saying their hostility has taken a toll on him and the company.

"Sloppy" Steve Bannon attacked Tesla and SpaceX CEO Elon Musk on Wednesday night, calling him a liar and an emotionally "immature man-child".

"This is especially true for a company like Tesla that has a long-term, forward-looking mission". The bank now has a "sell" rating on the stock.

Musk's summer of self-inflicted chaos continued Thursday when a lawyer sent the CEO a notice of intent to sue on behalf of his client, a diver involved in the Thai cave rescue who Musk slammed on Twitter.

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