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They try to remove the presidency of Tesla Motors from Elon Musk


Norges Bank Investment Management (NBIM), the bank that manages the Norwegian sovereign wealth fund, tried to remove Elon Musk of his position as president of Tesla Motors. However, the proposal was rejected during a vote at the company's general meeting of shareholders, which was held in Mountain View (United States).

The Norwegian fund, which owns 1,4% of Tesla's share, also voted against the reelection of Antonio Thank you as a member of the board of directors, although he supported that of James Murdoch and that of Elon Musk's own brother, Kimbal.

Norges, who at the end of 2017 had a 0,48% stake in Tesla, worth $ 252,5 million, also voted in March against Musk's proposed compensation package, valued by Tesla at 2.600 million.

On the other hand, Musk assured, during the company's annual meeting, that it will be "Quite likely" for Tesla to achieve its goal of assembling 5.000 units of the 3 per week by the end of June. "This is the most excruciating month I have had, but I think we are succeeding"He said.

Last April, Tesla temporarily suspended activity on the Model 3 assembly line at its US plant in Fremont, California, with the aim of improving its automation and avoiding bottlenecks.

In addition, in the second month of the year, the manufacture of the vehicle has already stopped for four days under the same purpose. After the stoppages, the North American company managed to bring production to 2.270 units per week.

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Automundo

Automundo is the blog about news from the automotive industry, motorsport and the culture of the region. Director: Diego Durruty.

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