Top Tesla shareholder says Elon Musk ‘doesn’t need to be CEO’

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Tesla Inc’s largest shareholder expressed its support for CEO Elon Musk, however acknowledged that it was open to a different position for the electric automaker’s founder and CEO, Barron’s reported on Tuesday. “We wouldn’t be against him having a different role,” James Anderson, head of global equities for Baillie Gifford & Co, informed Barron’s. “I […]

China officials accept a solution to Tesla customs issue

People visit a Tesla Model S car during the Auto China 2016 in Beijing, China, April 25, 2016. REUTERS/Jason Lee/File Photo

China’s customs officials have accepted electric automaker Tesla Inc’s plan to remedy concerns with the clearance of imported cars, a source knowledgeable with the matter informed Reuters. Tesla shares dropped over 5 percent after financial publication Caixin reported previously that China had suspended customs clearance for the automaker’s Model 3 sedans, mentioning various irregularities including […]