Can Musk fix Tesla? The board thinks so

Published on August 5, 2025

Can Musk fix Tesla? His recent awareness of $29 billion in company shares suggests the board has confidence in him. But what governance issues does he have to tackle?

Tesla has been on a rollercoaster of fortunes in the last year. Its close association with Elon Musk has tied the company’s reputation – and financial success – to Musk’s personal exploits. In essence, Tesla joined Musk (or was dragged alongside him, depending on how you choose to look at it) while he embraced Trumpism, headed DOGE, oversaw mass firings and spending cuts, then spectacularly fell out with Trump after leaving his post.    

For Tesla, this period transformed steady growth into bumpy fortunes. Its share price spiked in late 2024, but has fallen repeatedly in 2025, plagued by issues like stronger competition and collapsing sales figures in some countries due to rejection of Musk’s personal brand.

Despite that, the board has just renewed its confidence in Musk and granted him increased influence over the company’s fortunes through a bumper share package. 

Can Musk fix Tesla? A quick recap:

Tesla has had a busy year. Here’s the latest:

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