US investment firm voted to replace Musk with other chairman
Funds run by US investment firm BlackRock voted for a shareholder proposal requiring Tesla's CEO and Chairman Elon Musk to be replaced by an independent chairman. Over 86 million shares voted against the proposal while less than 17 million voted in favour, Tesla said. The board attributed Tesla's success to Musk's "day-to-day exposure to companyâs business." 