Tesla stock rises for 4th week, recovering from recent low, with addition to board

From Yahoo Finance: 2025-05-16 13:06:00

Tesla stock (TSLA) is up, marking the EV-maker’s fourth straight week of gains, recovering from a recent low on April 21. The stock is now down only 13% for the year, after dropping over 40% at one point. Chipotle president Jack Hartung joins Tesla’s board, retiring from Chipotle on June 1.

Hartung will also serve on Tesla’s board’s audit committee. The board has faced criticism recently over independence, compensation, and dealings with CEO Elon Musk. The Financial Times reported a special committee was formed to explore a new pay package for Musk, potentially with stock options.

Large shareholders voiced concerns about Musk’s $56 billion pay, leading to a settlement of a lawsuit brought by shareholders against the board. Chair Robyn Denholm refuted claims that the board was seeking Musk replacements. Denholm, who sold $538 million in Tesla stock since joining the board in 2014, has faced questions about her compensation.



Read more at Yahoo Finance: Tesla stock soars for 4th straight week with Musk pay package, board addition in focus