Here are 4 leaders who could take Elon Musk's place if he was to step down
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- Tesla CEO Elon Musk has yet again run afoul of the Securities and Exchange Commission.
- After tweeting that Tesla would produce 500,000 vehicles in 2019, Musk later corrected himself to 400,000 - but the SEC asked that he be held in contempt of his 2018 settlement with the agency.
- It's not out of the question that the government could fine Musk and Tesla or seek Musk's removal as CEO.
- Here are some candidates who could take his place.
Things had finally settled down at Tesla. Kind of, sort of. After delivering about 250,000 vehicles last year, the company was focused in working out the production kinks for its Model 3 sedan and on getting cars to China.
Then CEO Elon Musk tweeted that Tesla would make around 500,000 vehicles in 2019, 100,000 more than some versions of Tesla's guidance suggested. He later corrected himself: Tesla would achieve a production rate that could yield half a million vehicles annually - but a 400,000 number was more like it.
The Securities and Exchange commission pounced, asking a court to hold Musk in contempt of his settlement with the agency over his 2018 go-private tweet. The CEO is supposed to clear with his board and lawyers any communications that might have a material impact on Tesla's stock price.
He could be fined - or forced to step down as CEO (an extreme penalty, but not an inconceivable one). Here are four leaders who could take his place:
Get the latest Tesla stock price here.