Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc. Photo: Andrew Harrer/Bloomberg
To what extent, if any, Tesla’s legal department was involved in advising Musk on the insurance decision was unclear.
April 28, 2020 at 04:19 PM
1 minute read
When Tesla Inc. determined that its directors and officers liability insurance policy was too expensive, CEO Elon Musk made the relatively unusual decision to step in and personally provide coverage.
Tesla disclosed the arrangement Tuesday in a 10-K/A filing with the Securities and Exchange Commission. Attempts to speak with a company representative were not immediately successful.
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