Tesla Board’s Independence Is Tested by Musk’s Buyout Idea

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August 10, 2018 9:33 am Published by

The people tasked with overseeing Elon Musk’s plans for Tesla Inc.—its board of directors—have received solid support from shareholders over the years but criticism from some investors and advocates who say they lack independence.

Boards have enormous responsibility in corporate deals, especially ones as complex and fraught as the buyout of Tesla that Mr. Musk suggested this week. Most of Tesla’s directors have close business or personal relationships with Mr. Musk that they would have to balance against their obligation to…

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