[thefj]

He bought a falling company from himself and his cousins for almost 3 billion, plus the company had 3 billion in debt. The deal resulted in him getting half a billion more in tsla stock.

Tesla's market cap in June 2016 was 35 billion. It's 43 billion now. That's not that much value created. The S&P went up almost 50 percent in that time.

It's all besides the point anyway, since many shareholders sold their shares because of this fraud. They don't care what he's doing now, they just want their money back.

It's in everyone's best interest to have checks on self dealing CEOs. If people can't trust public companies to behave, the whole system breaks down.

[jmpman]

Isn’t that what the board is for?

[AndrewBissell]

The Tesla Directors are paid many multiples of the average at other comparable companies so that they will not question or push back against Elon Musk, and they include many personal friends and even his brother, who has no qualifications whatsoever to sit on the Board of a major automaker.